This is the problem I have with charts.
What the chart doesn't show is changes to the performance of a company.
Your line indicates a price of $50 based on history. But why should the share price reflect previous performance of the company in historical economic circumstances?
SP is based on forward looking estimates. Yes CSL is probably a bit over bought at the moment but in no universe is the current CSL worth $50.
CSL Chart, page-51
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Last
$292.66 |
Change
3.870(1.34%) |
Mkt cap ! $141.4B | |||
| Open | High | Low | Value | Volume |
| $288.51 | $292.92 | $286.92 | $44.39M | 153.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 35 | $292.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $292.69 | 21 | 3 |
View Market Depth
| Last trade - 14.04pm 08/10/2024 (20 minute delay) ? |
| CSL (ASX) Chart |