Optimax Technology (Taiwan) Technical Analysis

3051 Stock  TWD 36.70  0.40  1.10%   
As of the 30th of April, Optimax Technology holds the Semi Deviation of 2.31, risk adjusted performance of 0.0596, and Coefficient Of Variation of 1202.49. Optimax Technology Corp technical analysis gives you tools to exploit past prices in attempt to determine a pattern that determines the direction of the company's future prices. 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 interpolate nineteen technical drivers for Optimax Technology Corp, which can be compared to its competitors. Please check Optimax Technology Corp standard deviation, information ratio, treynor ratio, as well as the relationship between the variance and jensen alpha to decide if Optimax Technology Corp is priced some-what accurately, providing market reflects its current price of 36.7 per share.

Optimax Technology Momentum Analysis

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

Optimax Technology Corp Technical Analysis

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The output start index for this execution was twenty-five with a total number of output elements of thirty-six. 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 Optimax Technology Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Optimax Technology Corp Trend Analysis

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

Optimax Technology Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Optimax Technology Corp applied against its price change over selected period. The best fit line has a slop of   0.05  , which means Optimax Technology Corp will continue generating value for investors. It has 122 observation points and a regression sum of squares at 86.12, which is the sum of squared deviations for the predicted Optimax Technology price change compared to its average price change.

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

Optimax Technology April 30, 2024 Technical Indicators

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

Optimax Technology April 30, 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 Optimax 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Optimax Technology Corp. 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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

Complementary Tools for Optimax Stock analysis

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