Goodtech (Norway) Technical Analysis
| GOD Stock | NOK 10.10 -0.20 -1.94% |
As of the 23rd of March, the last recorded price for Goodtech is 10.10 per share. Primary technical drivers reflect Market Risk Adjusted Performance of -0.23, risk adjusted performance of 0.0378, and Downside Deviation of 1.94. Quantitative analysis incorporates volatility metrics and price behavior to assess directional bias. Metrics are compared to industry averages to assess relative positioning.
Goodtech Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Goodtech, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to GoodtechGoodtech |
What if' Analysis
Running a what-if backtest on Goodtech gives investors a practical way to test how changes in horizon, position size, or market timing might have affected the result. The stronger interpretation comes from comparing realized return, risk, and path dependency instead of focusing only on the best historical outcome.
| 12/23/2025 |
| 03/23/2026 |
Opening a 0.00 position in Goodtech on December 23, 2025 and holding to today would earn 0.00 in cumulative return. The outcome is a 0.0% total return in Goodtech for the period over the 90 day interval. Values are derived from observed market activity and price data. Goodtech competes with or is related to HydrogenPro, Eqva ASA, Havila Shipping, Golden Energy, ADS Maritime, Vow ASA, and Awilco LNG. It designs and supplies turnkey systems to convert and modernize existing systems, such as operator, process safety, ind... More
Momentum Range Indicators for Goodtech Summary
Directional momentum for Goodtech is captured through indicators that track upside and downside price ranges. The data frames how the price has moved within recent directional ranges.
| Downside Deviation | 1.94 | |||
| Information Ratio | 0.0728 | |||
| Maximum Drawdown | 14.98 | |||
| Value At Risk | -2.86 | |||
| Potential Upside | 3.69 |
Goodtech Market Risk Indicators Overview
Risk measures here provide context on Goodtech's return distribution and drawdown behavior. Values are derived from observed market activity and price data.| Risk Adjusted Performance | 0.0378 | |||
| Jensen Alpha | 0.052 | |||
| Total Risk Alpha | 0.4044 | |||
| Sortino Ratio | 0.0964 | |||
| Treynor Ratio | -0.24 |
Experienced investors tracking Goodtech's watch for mean reversion setups where price has deviated from its long-run average. Sentiment extremes, news events, or liquidity shocks are common catalysts for these temporary dislocations in Goodtech. Prices periodically overshoot their intrinsic value in both directions, creating mean reversion opportunities in Goodtech. The mean reversion signal is most useful when combined with fundamental confirmation for Goodtech's.
Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0378 | |||
| Market Risk Adjusted Performance | -0.23 | |||
| Mean Deviation | 1.71 | |||
| Semi Deviation | 1.63 | |||
| Downside Deviation | 1.94 | |||
| Coefficient Of Variation | 2598.34 | |||
| Standard Deviation | 2.57 | |||
| Variance | 6.62 | |||
| Information Ratio | 0.0728 | |||
| Jensen Alpha | 0.052 | |||
| Total Risk Alpha | 0.4044 | |||
| Sortino Ratio | 0.0964 | |||
| Treynor Ratio | -0.24 | |||
| Maximum Drawdown | 14.98 | |||
| Value At Risk | -2.86 | |||
| Potential Upside | 3.69 | |||
| Downside Variance | 3.78 | |||
| Semi Variance | 2.66 | |||
| Expected Short fall | -2.45 | |||
| Skewness | 2.11 | |||
| Kurtosis | 7.05 |
Goodtech Backtested Returns
Over the selected 3 months, Goodtech demonstrates a stable performance profile. It exhibits a Sharpe Ratio (Efficiency) of 0.0225, indicating risk-adjusted returns over the last 3 months. Technical screening detected thirty indicators influencing risk dynamics. Please analyze metrics such as market risk-adjusted performance of -0.23, risk-adjusted performance of 0.0378, and Downside Deviation of 1.94 to assess dispersion and downside exposure. Goodtech has a performance score of 1 on a scale of 0 to 100. The firm retains a Beta of -0.38, which signifies generally lower market sensitivity than the broad market. the mildly negative beta suggests Goodtech provides a partial hedge against market-wide declines. Goodtech presently retains a risk of 2.46%.
Auto-correlation | -0.21 |
Weak reverse predictability
The autocorrelation profile for Goodtech registers weak reverse predictability between the two measured intervals. When lagged price patterns show consistency, they can serve as a partial input for modeling Goodtech's near-term price behavior. A serial correlation of -0.21 indicates that over 21.0% of current Goodtech price fluctuations can be explained by its historical price movements. Given that Goodtech has negative autocorrelation for the selected time horizon, market participants may evaluate potential contrarian price behavior over comparable future intervals.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
This technical analysis module for Goodtech is structured around price and volume data. This approach uses standard technical indicators across price data.
Technical Analysis
This analysis covers thirty-seven data points across the selected time horizon. 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 Goodtech volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Technical Analysis Methodology & Indicators
Technical analysis of Goodtech evaluates price structure, momentum, and volatility clustering. Volume and liquidity conditions influence signal reliability. Reduced trading volume may increase short-term pricing variability. Goodtech has a market cap of 216.83 M, ROE of -3.59%.
For Goodtech, this section uses periodic company reporting and market reference feeds with Macroaxis normalization rules applied to keep cross-asset comparisons consistent. Intraday timing differences may exist.
This content is curated and reviewed by:
Raphi Shpitalnik - Junior Member of Macroaxis Editorial BoardGoodtech Technical Indicators
Technical analysis of Goodtech is useful because it frames whether the current trend still looks durable or is beginning to weaken. The practical goal is to improve execution quality rather than to suggest that charts alone can predict every move.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0378 | |||
| Market Risk Adjusted Performance | -0.23 | |||
| Mean Deviation | 1.71 | |||
| Semi Deviation | 1.63 | |||
| Downside Deviation | 1.94 | |||
| Coefficient Of Variation | 2598.34 | |||
| Standard Deviation | 2.57 | |||
| Variance | 6.62 | |||
| Information Ratio | 0.0728 | |||
| Jensen Alpha | 0.052 | |||
| Total Risk Alpha | 0.4044 | |||
| Sortino Ratio | 0.0964 | |||
| Treynor Ratio | -0.24 | |||
| Maximum Drawdown | 14.98 | |||
| Value At Risk | -2.86 | |||
| Potential Upside | 3.69 | |||
| Downside Variance | 3.78 | |||
| Semi Variance | 2.66 | |||
| Expected Short fall | -2.45 | |||
| Skewness | 2.11 | |||
| Kurtosis | 7.05 |
March 23, 2026 Daily Trend Indicators
Technical analysis of Goodtech is useful because it frames whether the current trend still looks durable or is beginning to weaken. The practical goal is to improve execution quality rather than to suggest that charts alone can predict every move.
| Accumulation Distribution | 0.01 | ||
| Daily Balance Of Power | -2.00 | ||
| Rate Of Daily Change | 0.98 | ||
| Day Median Price | 10.15 | ||
| Day Typical Price | 10.13 | ||
| Price Action Indicator | -0.15 | ||
| Market Facilitation Index | 0.10 |
More Resources for Goodtech Stock Analysis
Other Information on Investing in Goodtech Stock
Financial ratios for Goodtech show relationships between important financial metrics. They frame financial performance across earnings, cash flow, and valuation.