Decred Technical Analysis

DCR
 Crypto
  

USD 41.55  11.24  21.29%   

As of the 9th of August, Decred shows the Downside Deviation of 8.01, mean deviation of 6.27, and Semi Deviation of 7.64. Decred technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the entity's future prices. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down nineteen technical drivers for Decred, which can be compared to its rivals. Please confirm Decred mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation to decide if Decred is priced favorably, providing market reflects its regular price of 41.55 per share.
  

Decred Momentum Analysis

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

Decred Technical Analysis

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

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

Decred Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Decred applied against its price change over selected period. The best fit line has a slop of   -0.14  , which may suggest that Decred market price will keep on failing further. It has 122 observation points and a regression sum of squares at 743.78, which is the sum of squared deviations for the predicted Decred price change compared to its average price change.

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

Decred August 9, 2022 Technical Indicators

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

Decred August 9, 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 Decred 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 Investing Opportunities. Note that the Decred information on this page should be used as a complementary analysis to other Decred'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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

Other Tools for Decred Crypto Coin

When running Decred price analysis, check to measure Decred'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 Decred is operating at the current time. Most of Decred's value examination focuses on studying past and present price action to predict the probability of Decred's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Decred's price. Additionally, you may evaluate how the addition of Decred to your portfolios can decrease your overall portfolio volatility.
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