Monument Mining Limited Stock Technical Analysis

MMTMF Stock  USD 0.11  0.03  21.43%   
As of the 29th of March, Monument Mining secures the Downside Deviation of 12.72, mean deviation of 2.48, and Risk Adjusted Performance of 0.0244. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Monument Mining, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We have collected data for nineteen technical drivers for Monument Mining, which can be compared to its peers in the industry. Please verify Monument Mining treynor ratio, as well as the relationship between the downside variance and kurtosis to decide if Monument Mining Limited is priced some-what accurately, providing market reflects its recent price of 0.11 per share. As Monument Mining appears to be a penny stock we also strongly suggest to check its total risk alpha numbers.

Monument Mining Momentum Analysis

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

Monument Mining Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Monument Mining volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Monument Mining Trend Analysis

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

Monument Mining Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Monument Mining Limited applied against its price change over selected period. The best fit line has a slop of   0.0002  , which means Monument Mining Limited will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Monument Mining price change compared to its average price change.

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

Monument Mining March 29, 2024 Technical Indicators

Most technical analysis of Monument 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 Monument from various momentum indicators to cycle indicators. When you analyze Monument 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.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Monument Mining Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

Complementary Tools for Monument Pink Sheet analysis

When running Monument Mining's price analysis, check to measure Monument Mining'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 Monument Mining is operating at the current time. Most of Monument Mining's value examination focuses on studying past and present price action to predict the probability of Monument Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Monument Mining's price. Additionally, you may evaluate how the addition of Monument Mining to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Monument Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Monument Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Monument Mining'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.