Footlocker Stock Technical Analysis

FL
 Stock
  

USD 35.99  1.15  3.30%   

As of the 25th of September, Footlocker shows the Mean Deviation of 2.48, downside deviation of 2.84, and Coefficient Of Variation of 1094.67. Footlocker technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes 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 Footlocker, which can be compared to its rivals. Please confirm Footlocker jensen alpha, as well as the relationship between the potential upside and skewness to decide if Footlocker is priced favorably, providing market reflects its regular price of 35.99 per share. Given that Footlocker has jensen alpha of 0.3917, we urge you to verify Footlocker's prevailing market performance to make sure the company can sustain itself at a future point.
  

Footlocker Momentum Analysis

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

Footlocker Analyst Consensus

Target PriceAdvice# of Analysts
61.69Hold13Odds
Footlocker current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Footlocker 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 Footlocker stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Footlocker, talking to its executives and customers, or listening to Footlocker conference calls.
Footlocker Analyst Advice Details
Footlocker 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 Footlocker technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Footlocker 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...

Footlocker Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Footlocker volatility developed by Welles Wilder.
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Footlocker Trend Analysis

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

Footlocker Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Footlocker applied against its price change over selected period. The best fit line has a slop of   0.27  , which suggests that Footlocker will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 2751.78, which is the sum of squared deviations for the predicted Footlocker price change compared to its average price change.

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

Footlocker September 25, 2022 Technical Indicators

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

Footlocker September 25, 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 Footlocker 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 check Investing Opportunities. You can also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Complementary Tools for analysis

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