Turcas Petrol (Turkey) Technical Analysis

TRCAS Stock  TRY 26.02  0.16  0.61%   
As of the 6th of May, Turcas Petrol has the Risk Adjusted Performance of 0.0042, variance of 10.84, and Coefficient Of Variation of (16,429). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Turcas Petrol AS, 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 are able to interpolate and collect thirteen technical drivers for Turcas Petrol AS, which can be compared to its competition. Please validate Turcas Petrol AS risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if Turcas Petrol is priced more or less accurately, providing market reflects its prevalent price of 26.02 per share.

Turcas Petrol Momentum Analysis

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

Turcas Petrol AS Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was nine with a total number of output elements of fifty-two. 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 Turcas Petrol AS volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Turcas Petrol AS Trend Analysis

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

Turcas Petrol Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Turcas Petrol AS applied against its price change over selected period. The best fit line has a slop of    , which means Turcas Petrol AS will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.09, which is the sum of squared deviations for the predicted Turcas Petrol price change compared to its average price change.

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

Turcas Petrol May 6, 2024 Technical Indicators

Most technical analysis of Turcas 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 Turcas from various momentum indicators to cycle indicators. When you analyze Turcas 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Turcas Petrol AS. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

Complementary Tools for Turcas Stock analysis

When running Turcas Petrol's price analysis, check to measure Turcas Petrol'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 Turcas Petrol is operating at the current time. Most of Turcas Petrol's value examination focuses on studying past and present price action to predict the probability of Turcas Petrol's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Turcas Petrol's price. Additionally, you may evaluate how the addition of Turcas Petrol to your portfolios can decrease your overall portfolio volatility.
USA ETFs
Find actively traded Exchange Traded Funds (ETF) in USA
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
ETF Categories
List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
CEOs Directory
Screen CEOs from public companies around the world
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Please note, there is a significant difference between Turcas Petrol's value and its price as these two are different measures arrived at by different means. Investors typically determine if Turcas Petrol is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Turcas Petrol'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.