Optimism Technical Analysis

OP
 Crypto
  

USD 0.91  0.04  4.60%   

As of the 29th of November, Optimism holds the Risk Adjusted Performance of 0.025, semi deviation of 7.82, and Coefficient Of Variation of 8620.04. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Optimism, as well as the relationship between them. Put it differently, you can use this information to find out if the crypto will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for Optimism, which can be compared to its competitors. Please check Optimism treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall to decide if Optimism is priced some-what accurately, providing market reflects its current price of 0.91 per share.
  

Optimism Momentum Analysis

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

Optimism Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Normalized Average True Range is used to analyze tradable apportunities for Optimism across different markets.
.

Optimism Trend Analysis

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

Optimism Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Optimism applied against its price change over selected period. The best fit line has a slop of   -0.0025  , which may suggest that Optimism market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.24, which is the sum of squared deviations for the predicted Optimism price change compared to its average price change.

About Optimism 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 Optimism 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 Optimism based on its technical analysis. In general, a bottom-up approach, as applied to this cryptocurrency, focuses on Optimism price pattern first instead of the macroeconomic environment surrounding Optimism. By analyzing daily price indicators and various types of growth rates, we attempt to find the most accurate representation of Optimism'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 Optimism specific price patterns or momentum indicators.

Optimism November 29, 2022 Technical Indicators

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

Optimism November 29, 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 Optimism 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.
Please check Your Equity Center. You can also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Other Tools for Optimism Crypto Coin

When running Optimism price analysis, check to measure Optimism's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Optimism is operating at the current time. Most of Optimism's value examination focuses on studying past and present price actions to predict the probability of Optimism's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Optimism's coin price. Additionally, you may evaluate how adding Optimism to your portfolios can decrease your overall portfolio volatility.
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Go