Petkim Petrokimya (Turkey) Technical Analysis

PETKM Stock  TRY 20.00  1.30  6.10%   
As of the 28th of March, Petkim Petrokimya holds the Coefficient Of Variation of 1082.41, semi deviation of 2.62, and Risk Adjusted Performance of 0.0594. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Petkim Petrokimya, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We have collected data for nineteen technical drivers for Petkim Petrokimya Holding, which can be compared to its competitors. Please check Petkim Petrokimya Holding jensen alpha and downside variance to decide if Petkim Petrokimya Holding is priced some-what accurately, providing market reflects its current price of 20.0 per share.

Petkim Petrokimya Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Petkim, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Petkim
  
Petkim Petrokimya's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Petkim Petrokimya technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Petkim Petrokimya technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Petkim Petrokimya trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Petkim Petrokimya Holding Technical Analysis

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The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Petkim Petrokimya Holding volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Petkim Petrokimya Holding Trend Analysis

Use this graph to draw trend lines for Petkim Petrokimya Holding. You can use it to identify possible trend reversals for Petkim Petrokimya as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Petkim Petrokimya price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Petkim Petrokimya Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Petkim Petrokimya Holding applied against its price change over selected period. The best fit line has a slop of   0.06  , which means Petkim Petrokimya Holding will continue generating value for investors. It has 122 observation points and a regression sum of squares at 132.29, which is the sum of squared deviations for the predicted Petkim Petrokimya price change compared to its average price change.

About Petkim Petrokimya Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Petkim Petrokimya Holding on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Petkim Petrokimya Holding based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Petkim Petrokimya Holding price pattern first instead of the macroeconomic environment surrounding Petkim Petrokimya Holding. By analyzing Petkim Petrokimya's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Petkim Petrokimya's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Petkim Petrokimya specific price patterns or momentum indicators. Please read more on our technical analysis page.

Petkim Petrokimya March 28, 2024 Technical Indicators

Most technical analysis of Petkim help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Petkim from various momentum indicators to cycle indicators. When you analyze Petkim charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Petkim Petrokimya Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

Complementary Tools for Petkim Stock analysis

When running Petkim Petrokimya's price analysis, check to measure Petkim Petrokimya's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Petkim Petrokimya is operating at the current time. Most of Petkim Petrokimya's value examination focuses on studying past and present price action to predict the probability of Petkim Petrokimya's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Petkim Petrokimya's price. Additionally, you may evaluate how the addition of Petkim Petrokimya to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Petkim Petrokimya's value and its price as these two are different measures arrived at by different means. Investors typically determine if Petkim Petrokimya is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Petkim Petrokimya's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.