Enn Energy Holdings Stock Technical Analysis

XNGSF Stock  USD 7.72  0.09  1.15%   
As of the 23rd of April, ENN Energy shows the Mean Deviation of 2.08, semi deviation of 2.57, and Downside Deviation of 5.13. Relative to fundamental indicators, the technical analysis model provides you with a way to check practical technical drivers of ENN Energy, as well as the relationship between them. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We are able to interpolate and collect nineteen technical drivers for ENN Energy Holdings, which can be compared to its peers. Please confirm ENN Energy Holdings variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if ENN Energy Holdings is priced fairly, providing market reflects its regular price of 7.72 per share. Given that ENN Energy has jensen alpha of 0.1736, we urge you to verify ENN Energy Holdings's prevailing market performance to make sure the company can sustain itself at some point in the future.

ENN Energy Momentum Analysis

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

ENN Energy Holdings 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 ENN Energy Holdings volatility. High ATR values indicate high volatility, and low values indicate low volatility.

ENN Energy Holdings Trend Analysis

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

ENN Energy Best Fit Change Line

The following chart estimates an ordinary least squares regression model for ENN Energy Holdings applied against its price change over selected period. The best fit line has a slop of   0.01  , which means ENN Energy Holdings will continue generating value for investors. It has 122 observation points and a regression sum of squares at 6.53, which is the sum of squared deviations for the predicted ENN Energy price change compared to its average price change.

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

ENN Energy April 23, 2024 Technical Indicators

Most technical analysis of ENN 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 ENN from various momentum indicators to cycle indicators. When you analyze ENN 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ENN Energy Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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