Covanta Stock Technical Analysis

As of the 2nd of December, Covanta Holding shows the Coefficient Of Variation of 518.68, risk adjusted performance of 0.1877, and Mean Deviation of 0.1004. Covanta Holding Corp technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate and analyze data for eighteen technical drivers for Covanta Holding Corp, which can be compared to its rivals. Please confirm Covanta Holding Corp value at risk, as well as the relationship between the semi variance and kurtosis to decide if Covanta Holding Corp is priced correctly, providing market reflects its regular price of 0.0 per share.

Covanta Holding Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Covanta, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Covanta
Covanta Holding'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.

Covanta Holding Analyst Consensus

Target PriceAdvice# of Analysts
Covanta Holding Corp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Covanta analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Covanta stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Covanta Holding Corp, talking to its executives and customers, or listening to Covanta conference calls.
Covanta Analyst Advice Details
Covanta Holding 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 Covanta Holding technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Covanta Holding 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...

Covanta Holding Corp Technical Analysis

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Covanta Holding Corp Trend Analysis

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

Covanta Holding Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Covanta Holding Corp applied against its price change over selected period. The best fit line has a slop of   0.005046  , which may imply that Covanta Holding Corp will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 0.96, which is the sum of squared deviations for the predicted Covanta Holding price change compared to its average price change.

About Covanta Holding 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 Covanta Holding 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 Covanta Holding Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Covanta Holding Corp price pattern first instead of the macroeconomic environment surrounding Covanta Holding Corp. By analyzing Covanta Holding'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 Covanta Holding'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 Covanta Holding specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2020 2021 2022 (projected)
Long Term Debt to Equity6.638.17.297.87
Interest Coverage0.630.520.60.62

Covanta Holding December 2, 2022 Technical Indicators

Most technical analysis of Covanta 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 Covanta from various momentum indicators to cycle indicators. When you analyze Covanta 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.
Continue to Trending Equities. You can also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Other Tools for Covanta Stock

When running Covanta Holding Corp price analysis, check to measure Covanta Holding'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 Covanta Holding is operating at the current time. Most of Covanta Holding's value examination focuses on studying past and present price action to predict the probability of Covanta Holding's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Covanta Holding's price. Additionally, you may evaluate how the addition of Covanta Holding to your portfolios can decrease your overall portfolio volatility.
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