Monero Technical Analysis
| XMR Crypto | USD 123.20 2.00 1.60% |
As of the 6th of May, Monero secures the Risk Adjusted Performance of (0.01), standard deviation of 6.34, and Mean Deviation of 3.36. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Monero, as well as the relationship between them. Strictly speaking, you can use this information to find out if the crypto will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate data for thirteen technical drivers for Monero, which can be compared to its peers in the industry. Please verify Monero coefficient of variation, treynor ratio, skewness, as well as the relationship between the variance and value at risk to decide if Monero is priced some-what accurately, providing market reflects its recent price of 123.2 per share.
Monero Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Monero, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MoneroMonero |
Monero technical crypto coin 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, crypto market cycles, or different charting patterns.
Monero Technical Analysis
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 Monero volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Monero Trend Analysis
Use this graph to draw trend lines for Monero. You can use it to identify possible trend reversals for Monero 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 Monero price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Monero Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Monero applied against its price change over selected period. The best fit line has a slop of 0.23 , which may suggest that Monero market price will keep on failing further. It has 122 observation points and a regression sum of squares at 2061.83, which is the sum of squared deviations for the predicted Monero price change compared to its average price change.About Monero 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 Monero 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 Monero based on its technical analysis. In general, a bottom-up approach, as applied to this cryptocurrency, focuses on Monero price pattern first instead of the macroeconomic environment surrounding Monero. By analyzing daily price indicators and various types of growth rates, we attempt to find the most accurate representation of Monero's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the crypto market before zooming in to Monero specific price patterns or momentum indicators.
Monero May 6, 2024 Technical Indicators
Most technical analysis of Monero 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 Monero from various momentum indicators to cycle indicators. When you analyze Monero 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 Performance | (0.01) | |||
| Market Risk Adjusted Performance | 0.1848 | |||
| Mean Deviation | 3.36 | |||
| Coefficient Of Variation | (2,879) | |||
| Standard Deviation | 6.34 | |||
| Variance | 40.26 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.93) | |||
| Treynor Ratio | 0.1748 | |||
| Maximum Drawdown | 36.5 | |||
| Value At Risk | (5.51) | |||
| Potential Upside | 5.41 | |||
| Skewness | (1.91) | |||
| Kurtosis | 19.27 |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Monero. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.