Alcon Stock Technical Analysis

ALC
 Stock
  

USD 71.04  0.07  0.1%   

As of the 6th of July, Alcon shows the risk adjusted performance of (0.10), and Mean Deviation of 1.61. Alcon Inc 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 break down and interpolate nineteen technical drivers for Alcon Inc, which can be compared to its rivals. Please confirm Alcon Inc mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and information ratio to decide if Alcon Inc is priced correctly, providing market reflects its regular price of 71.04 per share. Given that Alcon has jensen alpha of 0.023, we suggest you to validate Alcon Inc's prevailing market performance to make sure the company can sustain itself at a future point.
  
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Alcon Momentum Analysis

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

Alcon Analyst Consensus

Target PriceAdvice# of Analysts
87.21Hold8Odds
Alcon Inc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Alcon 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 Alcon stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Alcon Inc, talking to its executives and customers, or listening to Alcon conference calls.
Alcon Analyst Advice Details
Alcon 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 Alcon technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Alcon 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...

Alcon Inc Technical Analysis

Indicator
Time Period
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The output start index for this execution was thirty-two with a total number of output elements of twenty-nine. 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 Alcon Inc volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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Alcon Inc Trend Analysis

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

Alcon Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Alcon Inc applied against its price change over selected period. The best fit line has a slop of   -0.15  , which may imply that the returns on investment in Alcon Inc will continue to fail. It has 122 observation points and a regression sum of squares at 802.3, which is the sum of squared deviations for the predicted Alcon price change compared to its average price change.

About Alcon 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 Alcon Inc 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 Alcon Inc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Alcon Inc stock first instead of the macroeconomic environment surrounding Alcon Inc. By analyzing Alcon'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 Alcon'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 Alcon specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2021 2022 (projected)
Book Value per Share39.5439.338.44
Asset Turnover0.270.30.31

Alcon July 6, 2022 Technical Indicators

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

Alcon July 6, 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 Alcon 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 Alcon Inc information on this page should be used as a complementary analysis to other Alcon'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 CEO Directory module to screen CEOs from public companies around the world.

Complementary Tools for Alcon Stock analysis

When running Alcon Inc price analysis, check to measure Alcon'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 Alcon is operating at the current time. Most of Alcon's value examination focuses on studying past and present price action to predict the probability of Alcon's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Alcon's price. Additionally, you may evaluate how the addition of Alcon to your portfolios can decrease your overall portfolio volatility.
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Is Alcon'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 Alcon. If investors know Alcon 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 Alcon 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
1.0
Market Capitalization
34.9 B
Quarterly Revenue Growth YOY
0.13
Return On Assets
0.0219
Return On Equity
0.024
The market value of Alcon Inc is measured differently than its book value, which is the value of Alcon that is recorded on the company's balance sheet. Investors also form their own opinion of Alcon's value that differs from its market value or its book value, called intrinsic value, which is Alcon'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 Alcon's market value can be influenced by many factors that don't directly affect Alcon'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 Alcon's value and its price as these two are different measures arrived at by different means. Investors typically determine Alcon value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alcon'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.