Optical Stock Technical Analysis


USD 3.58  0.13  3.50%   

As of the 28th of June, Optical Cable holds the risk adjusted performance of (0.11), and Coefficient Of Variation of (1,176). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Optical Cable, 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 break down nineteen technical drivers for Optical Cable Corp, which can be compared to its competitors. Please check Optical Cable Corp maximum drawdown, as well as the relationship between the downside variance and skewness to decide if Optical Cable Corp is priced some-what accurately, providing market reflects its current price of 3.58 per share. Given that Optical Cable has jensen alpha of (0.21), we recommend you to check out Optical Cable Corp's recent market performance to make sure the company can sustain itself at a future point.

Optical Cable Momentum Analysis

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

Optical Cable Corp Technical Analysis

Time Period
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The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 Optical Cable Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Optical Cable Corp Trend Analysis

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

Optical Cable Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Optical Cable Corp applied against its price change over selected period. The best fit line has a slop of   -0.01  , which may imply that the returns on investment in Optical Cable Corp will continue to fail. It has 122 observation points and a regression sum of squares at 6.79, which is the sum of squared deviations for the predicted Optical Cable price change compared to its average price change.

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

Optical Cable June 28, 2022 Technical Indicators

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

Optical Cable June 28, 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 Optical 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 Optical Cable Corp information on this page should be used as a complementary analysis to other Optical Cable'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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

Complementary Tools for Optical Stock analysis

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