Absolute Stock Technical Analysis

ABST
 Stock
  

USD 9.97  0.02  0.20%   

As of the 3rd of December, Absolute Software shows the risk adjusted performance of (0.014888), and Mean Deviation of 2.41. Absolute Software 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 are able to interpolate and collect nineteen technical drivers for Absolute Software, which can be compared to its rivals. Please confirm Absolute Software standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to decide if Absolute Software is priced correctly, providing market reflects its regular price of 9.97 per share. Given that Absolute Software has jensen alpha of (0.18), we suggest you to validate Absolute Software's prevailing market performance to make sure the company can sustain itself at a future point.
  

Absolute Software Momentum Analysis

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

Absolute Software Analyst Consensus

Target PriceAdvice# of Analysts
19.1Buy5Odds
Absolute Software current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Absolute 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 Absolute stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Absolute Software, talking to its executives and customers, or listening to Absolute conference calls.
Absolute Analyst Advice Details
Absolute Software 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 Absolute Software technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Absolute Software 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...

Absolute Software Technical Analysis

Indicator
Time Period
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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 Normalized Average True Range is used to analyze tradable apportunities for Absolute Software across different markets.
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Absolute Software Trend Analysis

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

Absolute Software Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Absolute Software applied against its price change over selected period. The best fit line has a slop of   -0.03  , which may suggest that Absolute Software market price will keep on failing further. It has 122 observation points and a regression sum of squares at 28.0, which is the sum of squared deviations for the predicted Absolute Software price change compared to its average price change.

About Absolute Software 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 Absolute Software 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 Absolute Software based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Absolute Software price pattern first instead of the macroeconomic environment surrounding Absolute Software. By analyzing Absolute Software'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 Absolute Software'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 Absolute Software specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 (projected)
Free Cash Flow per Share0.750.74
Enterprise Value over EBITDA20.9421.18

Absolute Software December 3, 2022 Technical Indicators

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

Absolute Software December 3, 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 Absolute 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. You can also try Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Complementary Tools for analysis

When running Absolute Software price analysis, check to measure Absolute Software'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 Absolute Software is operating at the current time. Most of Absolute Software's value examination focuses on studying past and present price action to predict the probability of Absolute Software's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Absolute Software's price. Additionally, you may evaluate how the addition of Absolute Software to your portfolios can decrease your overall portfolio volatility.
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Is Absolute Software'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 Absolute Software. If investors know Absolute 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 Absolute Software listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.20) 
Market Capitalization
522 M
Quarterly Revenue Growth YOY
0.22
Return On Assets
(0.0006) 
Return On Equity
(4.00) 
The market value of Absolute Software is measured differently than its book value, which is the value of Absolute that is recorded on the company's balance sheet. Investors also form their own opinion of Absolute Software's value that differs from its market value or its book value, called intrinsic value, which is Absolute Software'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 Absolute Software's market value can be influenced by many factors that don't directly affect Absolute Software'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 Absolute Software's value and its price as these two are different measures arrived at by different means. Investors typically determine Absolute Software value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Absolute Software'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.