Parkland Fuel Stock Technical Analysis

PKI Stock  CAD 42.71  0.25  0.59%   
As of the 24th of April, Parkland Fuel holds the Risk Adjusted Performance of (0.02), coefficient of variation of (2,543), and Variance of 2.65. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Parkland Fuel, 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 collect and analyze data for thirteen technical drivers for Parkland Fuel, which can be compared to its competitors. Please check Parkland Fuel standard deviation, as well as the relationship between the maximum drawdown and kurtosis to decide if Parkland Fuel is priced some-what accurately, providing market reflects its current price of 42.71 per share.

Parkland Fuel Momentum Analysis

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

Parkland Fuel 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 Parkland Fuel volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Parkland Fuel Trend Analysis

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

Parkland Fuel Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Parkland Fuel applied against its price change over selected period. The best fit line has a slop of   0.08  , which may suggest that Parkland Fuel market price will keep on failing further. It has 122 observation points and a regression sum of squares at 213.12, which is the sum of squared deviations for the predicted Parkland Fuel price change compared to its average price change.

About Parkland Fuel 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 Parkland Fuel 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 Parkland Fuel based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Parkland Fuel price pattern first instead of the macroeconomic environment surrounding Parkland Fuel. By analyzing Parkland Fuel'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 Parkland Fuel'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 Parkland Fuel specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 (projected)
Dividend Yield0.02510.0255
Price To Sales Ratio0.250.13

Parkland Fuel April 24, 2024 Technical Indicators

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

Parkland Fuel 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 Parkland 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parkland Fuel. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for Parkland Stock analysis

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