Core Laboratories Stock Technical Analysis

CLB
 Stock
  

USD 21.50  0.18  0.83%   

As of the 1st of December, Core Laboratories shows the Mean Deviation of 3.24, downside deviation of 4.01, and Risk Adjusted Performance of 0.1723. Core Laboratories 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 Core Laboratories NV, which can be compared to its rivals. Please confirm Core Laboratories value at risk, expected short fall, and the relationship between the treynor ratio and downside variance to decide if Core Laboratories is priced correctly, providing market reflects its regular price of 21.5 per share. Given that Core Laboratories has jensen alpha of 0.3516, we suggest you to validate Core Laboratories NV's prevailing market performance to make sure the company can sustain itself at a future point.
  

Core Laboratories Momentum Analysis

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

Core Laboratories Analyst Consensus

Target PriceAdvice# of Analysts
26.42Sell6Odds
Core Laboratories NV current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Core Laboratories 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 Core Laboratories stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Core Laboratories, talking to its executives and customers, or listening to Core Laboratories conference calls.
Core Laboratories Analyst Advice Details
Core Laboratories 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 Core Laboratories technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Core Laboratories 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...

Core Laboratories Technical Analysis

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The output start index for this execution was seven with a total number of output elements of fifty-four. 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 Core Laboratories volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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Core Laboratories Trend Analysis

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

Core Laboratories Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Core Laboratories NV applied against its price change over selected period. The best fit line has a slop of   0.12  , which may imply that Core Laboratories NV will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 553.65, which is the sum of squared deviations for the predicted Core Laboratories price change compared to its average price change.

About Core Laboratories 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 Core Laboratories NV 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 Core Laboratories NV based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Core Laboratories price pattern first instead of the macroeconomic environment surrounding Core Laboratories. By analyzing Core Laboratories'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 Core Laboratories'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 Core Laboratories specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2020 2021 2022 (projected)
Gross Margin0.230.220.24
Free Cash Flow per Share1.060.510.52

Core Laboratories December 1, 2022 Technical Indicators

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

Core Laboratories December 1, 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 Core Laboratories 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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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When running Core Laboratories price analysis, check to measure Core Laboratories' 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 Core Laboratories is operating at the current time. Most of Core Laboratories' value examination focuses on studying past and present price action to predict the probability of Core Laboratories' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Core Laboratories' price. Additionally, you may evaluate how the addition of Core Laboratories to your portfolios can decrease your overall portfolio volatility.
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Is Core Laboratories' 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 Core Laboratories. If investors know Core Laboratories 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 Core Laboratories 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
7.47
Market Capitalization
965 M
Quarterly Revenue Growth YOY
0.068
Return On Assets
0.044
Return On Equity
9.19
The market value of Core Laboratories is measured differently than its book value, which is the value of Core Laboratories that is recorded on the company's balance sheet. Investors also form their own opinion of Core Laboratories' value that differs from its market value or its book value, called intrinsic value, which is Core Laboratories' 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 Core Laboratories' market value can be influenced by many factors that don't directly affect Core Laboratories' 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 Core Laboratories' value and its price as these two are different measures arrived at by different means. Investors typically determine Core Laboratories value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Core Laboratories' 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.