Desktop Stock Technical Analysis

DM
 Stock
  

USD 1.94  0.04  2.02%   

As of the 2nd of December, Desktop Metal shows the mean deviation of 3.9, and Coefficient Of Variation of (848.72). Desktop Metal technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes 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 have collected data for nineteen technical drivers for Desktop Metal, which can be compared to its rivals. Please confirm Desktop Metal variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Desktop Metal is priced favorably, providing market reflects its regular price of 1.94 per share. Please also check Desktop Metal total risk alpha, which is currently at (0.99) to verify the company can sustain itself at a future point.
  

Desktop Metal Momentum Analysis

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

Desktop Metal Analyst Consensus

Target PriceAdvice# of Analysts
12.67Buy3Odds
Desktop Metal current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Desktop 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 Desktop stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Desktop Metal, talking to its executives and customers, or listening to Desktop conference calls.
Desktop Analyst Advice Details
Desktop Metal 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 Desktop Metal technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Desktop Metal 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...

Desktop Metal Technical Analysis

Indicator
Time Period
Execute Indicator
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 Desktop Metal volatility. High ATR values indicate high volatility, and low values indicate low volatility.
.

Desktop Metal Trend Analysis

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

Desktop Metal Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Desktop Metal applied against its price change over selected period. The best fit line has a slop of   -0.02  , which may indicate that the price for Desktop Metal will continue to decline. It has 122 observation points and a regression sum of squares at 15.47, which is the sum of squared deviations for the predicted Desktop Metal price change compared to its average price change.

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

Desktop Metal December 2, 2022 Technical Indicators

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

Desktop Metal December 2, 2022 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 Desktop 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.
Continue to Investing Opportunities. You can also try Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

Complementary Tools for analysis

When running Desktop Metal price analysis, check to measure Desktop Metal'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 Desktop Metal is operating at the current time. Most of Desktop Metal's value examination focuses on studying past and present price action to predict the probability of Desktop Metal's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Desktop Metal's price. Additionally, you may evaluate how the addition of Desktop Metal to your portfolios can decrease your overall portfolio volatility.
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Go
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Go
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Go
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
CEO Directory
Screen CEOs from public companies around the world
Go
Equity Valuation
Check real value of public entities based on technical and fundamental data
Go
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
Stock Screener
Find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Go
Is Desktop Metal's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Desktop Metal. If investors know Desktop will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Desktop Metal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
628.8 M
Quarterly Revenue Growth YOY
0.85
Return On Assets
(0.13) 
Return On Equity
(0.59) 
The market value of Desktop Metal is measured differently than its book value, which is the value of Desktop that is recorded on the company's balance sheet. Investors also form their own opinion of Desktop Metal's value that differs from its market value or its book value, called intrinsic value, which is Desktop Metal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Desktop Metal's market value can be influenced by many factors that don't directly affect Desktop Metal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Desktop Metal's value and its price as these two are different measures arrived at by different means. Investors typically determine Desktop Metal value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Desktop Metal'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.