Sky Network (Australia) Technical Analysis

SKT Stock   2.52  0.04  1.56%   
As of the 8th of May, Sky Network has the Risk Adjusted Performance of 0.0155, semi deviation of 1.78, and Coefficient Of Variation of 7483.24. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Sky Network Television, 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 and analyze data for nineteen technical drivers for Sky Network Television, which can be compared to its competition. Please validate Sky Network Television mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation to decide if Sky Network is priced more or less accurately, providing market reflects its prevalent price of 2.52 per share.

Sky Network Momentum Analysis

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

Sky Network Television Technical Analysis

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The output start index for this execution was ten with a total number of output elements of fifty-one. 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 Sky Network Television volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Sky Network Television Trend Analysis

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

Sky Network Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Sky Network Television applied against its price change over selected period. The best fit line has a slop of    , which means Sky Network Television 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 Sky Network price change compared to its average price change.

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

Sky Network May 8, 2024 Technical Indicators

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

Sky Network May 8, 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 Sky 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sky Network Television. 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Sky Stock analysis

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