BANK OF NINGBO (China) Technical Analysis

002142
  

CNY 31.55  0.26  0.83%   

As of the 2nd of October, BANK OF NINGBO shows the coefficient of variation of (1,781), and Mean Deviation of 1.67. BANK OF NINGBO 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 entity's future prices. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze nineteen technical drivers for BANK OF NINGBO, which can be compared to its rivals. Please confirm BANK OF NINGBO coefficient of variation, variance, and the relationship between the downside deviation and standard deviation to decide if BANK OF NINGBO is priced adequately, providing market reflects its regular price of 31.55 per share.
  

BANK OF NINGBO Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as 002142, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to 002142
BANK OF NINGBO'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.
BANK OF NINGBO 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 BANK OF NINGBO technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of BANK OF NINGBO 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...

BANK OF NINGBO Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of BANK OF NINGBO volatility developed by Welles Wilder.
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BANK OF NINGBO Trend Analysis

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

BANK OF NINGBO Best Fit Change Line

The following chart estimates an ordinary least squares regression model for BANK OF NINGBO applied against its price change over selected period. The best fit line has a slop of   -0.06  , which may suggest that BANK OF NINGBO market price will keep on failing further. It has 122 observation points and a regression sum of squares at 135.02, which is the sum of squared deviations for the predicted BANK OF NINGBO price change compared to its average price change.

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

BANK OF NINGBO October 2, 2022 Technical Indicators

Most technical analysis of 002142 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 002142 from various momentum indicators to cycle indicators. When you analyze 002142 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.

BANK OF NINGBO October 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 002142 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 continue to Trending Equities. Note that the BANK OF NINGBO information on this page should be used as a complementary analysis to other BANK OF NINGBO's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Other Tools for 002142 Stock

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