Canada Stock Technical Analysis

GOOS
 Stock
  

USD 21.86  0.86  3.79%   

As of the 16th of August 2022, Canada Goose shows the Risk Adjusted Performance of 0.1208, downside deviation of 3.61, and Mean Deviation of 3.14. Canada Goose Holdings 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 data for nineteen technical drivers for Canada Goose Holdings, which can be compared to its rivals. Please confirm Canada Goose Holdings coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if Canada Goose Holdings is priced correctly, providing market reflects its regular price of 21.86 per share. Given that Canada Goose has jensen alpha of 0.1751, we suggest you to validate Canada Goose Holdings's prevailing market performance to make sure the company can sustain itself at a future point.
  

Canada Goose Momentum Analysis

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

Canada Goose Analyst Consensus

Target PriceAdvice# of Analysts
45.63Hold7Odds
Canada Goose Holdings current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Canada 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 Canada stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Canada Goose Holdings, talking to its executives and customers, or listening to Canada conference calls.
Canada Analyst Advice Details
Canada Goose 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 Canada Goose technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Canada Goose 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...

Canada Goose Holdings Technical Analysis

Indicator
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Execute Indicator
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Canada Goose Holdings volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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Canada Goose Holdings Trend Analysis

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

Canada Goose Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Canada Goose Holdings applied against its price change over selected period. The best fit line has a slop of   0.005421  , which means Canada Goose Holdings will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1.11, which is the sum of squared deviations for the predicted Canada Goose price change compared to its average price change.

About Canada Goose 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 Canada Goose Holdings 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 Canada Goose Holdings based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Canada Goose Holdings stock first instead of the macroeconomic environment surrounding Canada Goose Holdings. By analyzing Canada Goose'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 Canada Goose'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 Canada Goose specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2010 2022 (projected)
null4.034.06
null0.160.72

Canada Goose August 16, 2022 Technical Indicators

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

Canada Goose August 16, 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 Canada 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 Risk vs Return Analysis. Note that the Canada Goose Holdings information on this page should be used as a complementary analysis to other Canada Goose'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 Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

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When running Canada Goose Holdings price analysis, check to measure Canada Goose'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 Canada Goose is operating at the current time. Most of Canada Goose's value examination focuses on studying past and present price action to predict the probability of Canada Goose's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Canada Goose's price. Additionally, you may evaluate how the addition of Canada Goose to your portfolios can decrease your overall portfolio volatility.
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Is Canada Goose'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 Canada Goose. If investors know Canada 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 Canada Goose 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
0.47
Market Capitalization
2.3 B
Quarterly Revenue Growth YOY
0.24
Return On Assets
0.0656
Return On Equity
0.2
The market value of Canada Goose Holdings is measured differently than its book value, which is the value of Canada that is recorded on the company's balance sheet. Investors also form their own opinion of Canada Goose's value that differs from its market value or its book value, called intrinsic value, which is Canada Goose'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 Canada Goose's market value can be influenced by many factors that don't directly affect Canada Goose'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 Canada Goose's value and its price as these two are different measures arrived at by different means. Investors typically determine Canada Goose value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canada Goose'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.