Benitec Stock Technical Analysis


USD 0.17  0.02  10.53%   

As of the 6th of December, Benitec Biopharma shows the mean deviation of 5.84, and Risk Adjusted Performance of (0.31). Benitec Biopharma 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 interpolate and analyze data for nineteen technical drivers for Benitec Biopharma, which can be compared to its rivals. Please confirm Benitec Biopharma jensen alpha, as well as the relationship between the potential upside and skewness to decide if Benitec Biopharma is priced correctly, providing market reflects its regular price of 0.17 per share. As Benitec Biopharma appears to be a penny stock we also recommend to validate its total risk alpha numbers.

Benitec Biopharma Momentum Analysis

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

Benitec Biopharma Technical Analysis

Time Period
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The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 Benitec Biopharma volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Benitec Biopharma Trend Analysis

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

Benitec Biopharma Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Benitec Biopharma applied against its price change over selected period. The best fit line has a slop of   -0.0051  , which may suggest that Benitec Biopharma market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.97, which is the sum of squared deviations for the predicted Benitec Biopharma price change compared to its average price change.

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

Benitec Biopharma December 6, 2022 Technical Indicators

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

Benitec Biopharma December 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 Benitec 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.
Continue to Trending Equities. You can also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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