OneConnect Stock Technical Analysis

OCFT
 Stock
  

USD 1.68  0.10  6.33%   

As of the 29th of June, OneConnect Financial holds the coefficient of variation of (2,966), and Risk Adjusted Performance of (0.040301). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of OneConnect Financial, 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 analyze and collect data for nineteen technical drivers for OneConnect Financial, which can be compared to its competitors. Please check OneConnect Financial information ratio, as well as the relationship between the potential upside and kurtosis to decide if OneConnect Financial is priced some-what accurately, providing market reflects its current price of 1.68 per share. Please also confirm OneConnect Financial total risk alpha, which is currently at 0.496 to check out the company can sustain itself at a future point.
  
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OneConnect Financial Momentum Analysis

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

OneConnect Financial Analyst Consensus

Target PriceAdvice# of Analysts
26.7Buy5Odds
OneConnect Financial Technology current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most OneConnect 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 OneConnect stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of OneConnect Financial, talking to its executives and customers, or listening to OneConnect conference calls.
OneConnect Analyst Advice Details
OneConnect Financial 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 OneConnect Financial technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of OneConnect Financial 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...

OneConnect Financial Technical Analysis

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The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 OneConnect Financial volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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OneConnect Financial Trend Analysis

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

OneConnect Financial Best Fit Change Line

The following chart estimates an ordinary least squares regression model for OneConnect Financial Technology applied against its price change over selected period. The best fit line has a slop of   0.001035  , which means OneConnect Financial Technology will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.04, which is the sum of squared deviations for the predicted OneConnect Financial price change compared to its average price change.

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

OneConnect Financial June 29, 2022 Technical Indicators

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

OneConnect Financial June 29, 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 OneConnect 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 OneConnect Financial information on this page should be used as a complementary analysis to other OneConnect Financial'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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Complementary Tools for OneConnect Stock analysis

When running OneConnect Financial price analysis, check to measure OneConnect Financial'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 OneConnect Financial is operating at the current time. Most of OneConnect Financial's value examination focuses on studying past and present price action to predict the probability of OneConnect Financial's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move OneConnect Financial's price. Additionally, you may evaluate how the addition of OneConnect Financial to your portfolios can decrease your overall portfolio volatility.
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Is OneConnect Financial'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 OneConnect Financial. If investors know OneConnect 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 OneConnect Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
616.2 M
Quarterly Revenue Growth YOY
0.24
Return On Assets
-0.11
Return On Equity
-0.31
The market value of OneConnect Financial is measured differently than its book value, which is the value of OneConnect that is recorded on the company's balance sheet. Investors also form their own opinion of OneConnect Financial's value that differs from its market value or its book value, called intrinsic value, which is OneConnect Financial'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 OneConnect Financial's market value can be influenced by many factors that don't directly affect OneConnect Financial'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 OneConnect Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine OneConnect Financial value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OneConnect Financial'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.