Perrigo Stock Technical Analysis

PRGO
 Stock
  

USD 41.02  0.45  1.11%   

As of the 2nd of July, Perrigo holds the Semi Deviation of 1.64, coefficient of variation of 1453.13, and Risk Adjusted Performance of 0.1002. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Perrigo, 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 Perrigo Company, which can be compared to its competitors. Please check Perrigo Company information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to decide if Perrigo Company is priced some-what accurately, providing market reflects its current price of 41.02 per share. Given that Perrigo has jensen alpha of 0.2602, we recommend you to check out Perrigo Company's recent market performance to make sure the company can sustain itself at a future point.
  
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Perrigo Momentum Analysis

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

Perrigo Analyst Consensus

Target PriceAdvice# of Analysts
94.27Hold15Odds
Perrigo Company current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Perrigo 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 Perrigo stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Perrigo Company, talking to its executives and customers, or listening to Perrigo conference calls.
Perrigo Analyst Advice Details
Perrigo 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 Perrigo technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Perrigo 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...

Perrigo Company 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 Perrigo Company volatility developed by Welles Wilder.
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Perrigo Company Trend Analysis

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

Perrigo Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Perrigo Company applied against its price change over selected period. The best fit line has a slop of   0.12  , which means Perrigo Company will continue generating value for investors. It has 122 observation points and a regression sum of squares at 539.34, which is the sum of squared deviations for the predicted Perrigo price change compared to its average price change.

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

Perrigo July 2, 2022 Technical Indicators

Most technical analysis of Perrigo 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 Perrigo from various momentum indicators to cycle indicators. When you analyze Perrigo 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.
Please check Your Equity Center. Note that the Perrigo Company information on this page should be used as a complementary analysis to other Perrigo'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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Complementary Tools for Perrigo Stock analysis

When running Perrigo Company price analysis, check to measure Perrigo'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 Perrigo is operating at the current time. Most of Perrigo's value examination focuses on studying past and present price action to predict the probability of Perrigo's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Perrigo's price. Additionally, you may evaluate how the addition of Perrigo to your portfolios can decrease your overall portfolio volatility.
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Is Perrigo'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 Perrigo. If investors know Perrigo 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 Perrigo 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
-0.64
Market Capitalization
5.5 B
Quarterly Revenue Growth YOY
0.064
Return On Assets
0.0089
Return On Equity
-0.0253
The market value of Perrigo Company is measured differently than its book value, which is the value of Perrigo that is recorded on the company's balance sheet. Investors also form their own opinion of Perrigo's value that differs from its market value or its book value, called intrinsic value, which is Perrigo'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 Perrigo's market value can be influenced by many factors that don't directly affect Perrigo'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 Perrigo's value and its price as these two are different measures arrived at by different means. Investors typically determine Perrigo value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Perrigo'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.