Academy Stock Technical Analysis

ASO -  USA Stock  

USD 33.98  2.91  9.37%

As of the 27th of May, Academy Sports shows the risk adjusted performance of 0.0688, and Mean Deviation of 3.07. Academy Sports And 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 Academy Sports And, which can be compared to its rivals. Please confirm Academy Sports And coefficient of variation, as well as the relationship between the treynor ratio and semi variance to decide if Academy Sports And is priced correctly, providing market reflects its regular price of 33.98 per share. Given that Academy Sports has jensen alpha of 0.2277, we suggest you to validate Academy Sports And's prevailing market performance to make sure the company can sustain itself at a future point.
  
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Academy Sports Analyst Consensus

Target PriceAdvice# of Analysts
56.25Strong Buy8Odds
Academy Sports And current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Academy 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 Academy stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Academy Sports And, talking to its executives and customers, or listening to Academy conference calls.
Academy Analyst Advice Details
Academy Sports 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 Academy Sports technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Academy Sports 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...

Academy Sports And Technical Analysis

Indicator
Time Period
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The output start index for this execution was fifty-two with a total number of output elements of nine. The Normalized Average True Range is used to analyze tradable apportunities for Academy Sports And across different markets.
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Academy Sports And Trend Analysis

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

Academy Sports Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Academy Sports And applied against its price change over selected period. The best fit line has a slop of   -0.0091  , which may imply that the returns on investment in Academy Sports And will continue to fail. It has 122 observation points and a regression sum of squares at 3.12, which is the sum of squared deviations for the predicted Academy Sports price change compared to its average price change.

About Academy Sports 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 Academy Sports And 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 Academy Sports And based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Academy Sports And stock first instead of the macroeconomic environment surrounding Academy Sports And. By analyzing Academy Sports'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 Academy Sports'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 Academy Sports specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2010 2020 2022 (projected)
Book Value per Share13.6416.1315.99
Asset Turnover1.281.461.4

Academy Sports May 27, 2022 Technical Indicators

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

Academy Sports May 27, 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 Academy 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 Academy Sports And information on this page should be used as a complementary analysis to other Academy Sports' 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 Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Complementary Tools for Academy Stock analysis

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