Parex Resources Technical Analysis Overview

PXT -- Canada Stock  

CAD 24.43  0.75  2.98%

Compared with Fundamental Indicators, Macroaxis technical analysis interface allows you to check existing technical drivers of Parex Resources as well as the relationship between them. In other words 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 found nineteen technical drivers for Parex Resources which can be compared to its competitors. Please check Parex Resources Information Ratio, Value At Risk as well as the relationship between Value At Risk and Expected Short fall to decide if Parex Resources is priced some-what accurately providing market reflects its current price of 24.43 per share.
 Time Horizon     30 Days    Login   to change

Parex Resources 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 Parex Resources volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

Parex Resources Trend Analysis

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

Parex Resources Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Parex Resources applied against its price change over selected period. The best fit line has a slop of 0.07 % which means Parex Resources will continue generating value for investors. It has 34 observation points and a regression sum of squares at 3.91, which is the sum of squared deviations for the predicted Parex Resources price change compared to its average price change.

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations when you add Parex Resources to your portfolio

Parex Resources Market Strength

Parex Resources June 21, 2018 Daily Price Condition
Additionally take a look at Your Equity Center. Please also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.