Rite Aid Technical Analysis

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RAD -- USA Stock  

Fiscal Quarter End: 31st of August 2020  

As of the 14th of July 2020, Rite Aid holds the semi deviation of 5.63, risk adjusted performance of 0.1534, and coefficient of variation of 1235.84. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Rite Aid, 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 were able to analyze nineteen technical drivers for Rite Aid, which can be compared to its competitors. Please check Rite Aid value at risk, as well as the relationship between the semi variance and kurtosis to decide if Rite Aid is priced some-what accurately, providing market reflects its current price of 14.92 per share. Given that Rite Aid has jensen alpha of 0.3291, we recommend you to check out Rite Aid's recent market performance to make sure the company can sustain itself at a future point.

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Target PriceAdvice# of Analysts
Rite Aid current and past analyst recommendations published by a number of research institutions as well as average analyst consensus. Most Rite Aid analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Rite Aid stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Rite Aid, talking to its executives and customers, or listening to Rite Aid conference calls.
Rite Aid Analyst Advice Details
Rite Aid 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 Rite Aid technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Rite Aid 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...

Rite Aid Technical Analysis

The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Rite Aid volatility developed by Welles Wilder. View also all equity analysis or get more info about true range volatility indicators indicator.

Rite Aid Trend Analysis

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

Rite Aid Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Rite Aid applied against its price change over selected period. The best fit line has a slop of   0.047753  , which may imply that Rite Aid will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 86.24, which is the sum of squared deviations for the predicted Rite Aid price change compared to its average price change.

About Rite Aid 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 Rite Aid 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 Rite Aid based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Rite Aid stock first instead of the macroeconomic environment surrounding Rite Aid . By analyzing Rite Aid'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 Rite Aid'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 Rite Aid specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2020 (projected)
Long Term Debt to Equity4.594.71
Interest Coverage0.380.39

Rite Aid July 14, 2020 Technical Indicators

Most technical analysis of Rite Aid stock 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 Rite Aid from various momentum indicators to cycle indicators. When you analyze Rite Aid 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.
Cycle Indicators
Math Operators
Math Transform
Momentum Indicators
Overlap Studies
Pattern Recognition
Price Transform
Statistic Functions
Volatility Indicators
Volume Indicators
Risk Adjusted Performance0.1534
Market Risk Adjusted Performance0.3667
Mean Deviation4.77
Semi Deviation5.63
Downside Deviation6.13
Coefficient Of Variation1235.84
Standard Deviation6.88
Information Ratio0.0588
Jensen Alpha0.3291
Total Risk Alpha0.0058
Sortino Ratio0.066
Treynor Ratio0.3567
Maximum Drawdown34.93
Value At Risk(7.96)
Potential Upside9.9
Downside Variance37.58
Semi Variance31.66
Expected Short fall(5.31)

Rite Aid July 14, 2020 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 Rite Aid 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.
Accumulation Distribution  309,390  
Daily Balance Of Power (0.90)  
Rate Of Daily Change  0.92  
Day Median Price  15.61  
Day Typical Price  15.38  
Price Action Indicator (1.34)  
Additionally, take a look at Your Equity Center. Please also try Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page