Obitx OTC Stock Technical Analysis

OBTX
 Stock
  

USD 4.30  0.10  2.27%   

As of the 1st of July, Obitx holds the Risk Adjusted Performance of 0.069, semi deviation of 8.39, and Coefficient Of Variation of 2355.83. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Obitx, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Obitx Inc, which can be compared to its competitors. Please check Obitx Inc downside deviation, treynor ratio, as well as the relationship between the Treynor Ratio and expected short fall to decide if Obitx Inc is priced some-what accurately, providing market reflects its current price of 4.3 per share. Given that Obitx has jensen alpha of 0.8277, we recommend you to check out Obitx Inc's recent market performance to make sure the company can sustain itself at a future point.
  
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Obitx Momentum Analysis

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

Obitx Inc 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 Obitx Inc volatility developed by Welles Wilder.
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Obitx Inc Trend Analysis

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

Obitx Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Obitx Inc applied against its price change over selected period. The best fit line has a slop of   -0.02  , which may suggest that Obitx Inc market price will keep on failing further. It has 122 observation points and a regression sum of squares at 9.82, which is the sum of squared deviations for the predicted Obitx price change compared to its average price change.

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

Obitx July 1, 2022 Technical Indicators

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

Obitx July 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 Obitx 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 Your Equity Center. Note that the Obitx Inc information on this page should be used as a complementary analysis to other Obitx'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 File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

Complementary Tools for Obitx OTC Stock analysis

When running Obitx Inc price analysis, check to measure Obitx'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 Obitx is operating at the current time. Most of Obitx's value examination focuses on studying past and present price action to predict the probability of Obitx's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Obitx's price. Additionally, you may evaluate how the addition of Obitx to your portfolios can decrease your overall portfolio volatility.
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Is Obitx'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 Obitx. If investors know Obitx 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 Obitx listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
39.6 M
Quarterly Revenue Growth YOY
-0.76
Return On Assets
-0.17
Return On Equity
0.0063
The market value of Obitx Inc is measured differently than its book value, which is the value of Obitx that is recorded on the company's balance sheet. Investors also form their own opinion of Obitx's value that differs from its market value or its book value, called intrinsic value, which is Obitx'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 Obitx's market value can be influenced by many factors that don't directly affect Obitx'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 Obitx's value and its price as these two are different measures arrived at by different means. Investors typically determine Obitx value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Obitx'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.