Mongolia Growth Group Stock Technical Analysis

MNGGF Stock  USD 1.02  0.02  2.00%   
As of the 24th of April, Mongolia Growth secures the Standard Deviation of 2.35, risk adjusted performance of (0.04), and Mean Deviation of 1.69. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Mongolia Growth Group, 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 were able to analyze and collect data for thirteen technical drivers for Mongolia Growth, which can be compared to its peers in the industry. Please verify Mongolia Growth Group information ratio, value at risk, as well as the relationship between the Value At Risk and kurtosis to decide if Mongolia Growth Group is priced some-what accurately, providing market reflects its recent price of 1.02 per share. Given that Mongolia Growth Group is a hitting penny stock territory we strongly suggest to closely look at its jensen alpha.

Mongolia Growth Momentum Analysis

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

Mongolia Growth Group Technical Analysis

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The output start index for this execution was eight with a total number of output elements of fifty-three. 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 Mongolia Growth Group volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Mongolia Growth Group Trend Analysis

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

Mongolia Growth Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Mongolia Growth Group applied against its price change over selected period. The best fit line has a slop of   0.0023  , which may suggest that Mongolia Growth Group market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.19, which is the sum of squared deviations for the predicted Mongolia Growth price change compared to its average price change.

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

Mongolia Growth April 24, 2024 Technical Indicators

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

Mongolia Growth April 24, 2024 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 Mongolia 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.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mongolia Growth Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Note that the Mongolia Growth Group information on this page should be used as a complementary analysis to other Mongolia Growth'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 the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

Complementary Tools for Mongolia Pink Sheet analysis

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