Thrace Plastics (Greece) Technical Analysis

PLAT Stock  EUR 4.00  0.04  0.99%   
As of the 26th of April, Thrace Plastics has the Coefficient Of Variation of (5,407), risk adjusted performance of (0.01), and Variance of 1.48. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Thrace Plastics Holding, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for Thrace Plastics Holding, which can be compared to its competition. Please validate Thrace Plastics Holding coefficient of variation, variance, and the relationship between the mean deviation and standard deviation to decide if Thrace Plastics is priced more or less accurately, providing market reflects its prevalent price of 4.0 per share.

Thrace Plastics Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Thrace, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Thrace
  
Thrace Plastics' 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.
Thrace Plastics 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 Thrace Plastics technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Thrace Plastics 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...

Thrace Plastics Holding Technical Analysis

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The output start index for this execution was fourty-two with a total number of output elements of nineteen. 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 Thrace Plastics Holding volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Thrace Plastics Holding Trend Analysis

Use this graph to draw trend lines for Thrace Plastics Holding. You can use it to identify possible trend reversals for Thrace Plastics 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 Thrace Plastics price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Thrace Plastics Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Thrace Plastics Holding applied against its price change over selected period. The best fit line has a slop of   0.0085  , which may suggest that Thrace Plastics Holding market price will keep on failing further. It has 122 observation points and a regression sum of squares at 2.74, which is the sum of squared deviations for the predicted Thrace Plastics price change compared to its average price change.

About Thrace Plastics 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 Thrace Plastics 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 Thrace Plastics Holding based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Thrace Plastics Holding price pattern first instead of the macroeconomic environment surrounding Thrace Plastics Holding. By analyzing Thrace Plastics'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 Thrace Plastics'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 Thrace Plastics specific price patterns or momentum indicators. Please read more on our technical analysis page.

Thrace Plastics April 26, 2024 Technical Indicators

Most technical analysis of Thrace 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 Thrace from various momentum indicators to cycle indicators. When you analyze Thrace 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.

Thrace Plastics April 26, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Thrace stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Thrace Plastics 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 board of governors.
You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Complementary Tools for Thrace Stock analysis

When running Thrace Plastics' price analysis, check to measure Thrace Plastics' 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 Thrace Plastics is operating at the current time. Most of Thrace Plastics' value examination focuses on studying past and present price action to predict the probability of Thrace Plastics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thrace Plastics' price. Additionally, you may evaluate how the addition of Thrace Plastics to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Thrace Plastics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Thrace Plastics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thrace Plastics' 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.