Whitecap Resources Stock Technical Analysis

SPGYF Stock  USD 7.84  0.05  0.64%   
As of the 24th of April, Whitecap Resources maintains the Market Risk Adjusted Performance of 0.4635, downside deviation of 1.32, and Mean Deviation of 1.21. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Whitecap Resources, as well as the relationship between them. Specifically, you can use this information to find out if the company will indeed mirror its model of past data patterns, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for Whitecap Resources, which can be compared to its peers. Please check out Whitecap Resources coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if Whitecap Resources is priced fairly, providing market reflects its latest price of 7.84 per share. Given that Whitecap Resources has jensen alpha of 0.2847, we strongly advise you to confirm Whitecap Resources's prevalent market performance to make sure the company can sustain itself at a future point.

Whitecap Resources Momentum Analysis

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

Whitecap Resources Technical Analysis

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

Whitecap Resources Trend Analysis

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

Whitecap Resources Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Whitecap Resources applied against its price change over selected period. The best fit line has a slop of   0.03  , which means Whitecap Resources will continue generating value for investors. It has 122 observation points and a regression sum of squares at 33.6, which is the sum of squared deviations for the predicted Whitecap Resources price change compared to its average price change.

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

Whitecap Resources April 24, 2024 Technical Indicators

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

Whitecap Resources 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 Whitecap 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Whitecap Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Complementary Tools for Whitecap Pink Sheet analysis

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