Lundin Mining (Sweden) Technical Analysis

LUMI Stock  SEK 127.50  3.70  2.99%   
As of the 29th of April, Lundin Mining secures the Mean Deviation of 1.86, downside deviation of 2.01, and Risk Adjusted Performance of 0.1762. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Lundin Mining, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Lundin Mining, which can be compared to its peers in the industry. Please verify Lundin Mining jensen alpha, maximum drawdown, and the relationship between the information ratio and treynor ratio to decide if Lundin Mining is priced some-what accurately, providing market reflects its recent price of 127.5 per share.

Lundin Mining Momentum Analysis

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

Lundin Mining Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Lundin Mining volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Lundin Mining Trend Analysis

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

Lundin Mining Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Lundin Mining applied against its price change over selected period. The best fit line has a slop of   0.90  , which means Lundin Mining will continue generating value for investors. It has 122 observation points and a regression sum of squares at 30505.24, which is the sum of squared deviations for the predicted Lundin Mining price change compared to its average price change.

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

Lundin Mining April 29, 2024 Technical Indicators

Most technical analysis of Lundin 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 Lundin from various momentum indicators to cycle indicators. When you analyze Lundin 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lundin Mining. 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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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