Carnarvon Petroleum Limited Stock Technical Analysis
| CVONF Stock | USD 0.13 0.00 0.00% |
As of the 19th of April, Carnarvon Petroleum shows the Risk Adjusted Performance of (0.01), mean deviation of 0.6444, and Standard Deviation of 2.43. Carnarvon Petroleum technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. 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 were able to interpolate eleven technical drivers for Carnarvon Petroleum Limited, which can be compared to its peers. Please confirm Carnarvon Petroleum risk adjusted performance, standard deviation, as well as the relationship between the Standard Deviation and maximum drawdown to decide if Carnarvon Petroleum is priced correctly, providing market reflects its regular price of 0.13 per share. As Carnarvon Petroleum appears to be a penny stock we also recommend to validate its information ratio numbers.
Carnarvon Petroleum Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Carnarvon, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CarnarvonCarnarvon |
Carnarvon Petroleum 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.
Carnarvon Petroleum Technical Analysis
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 Carnarvon Petroleum volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Carnarvon Petroleum Trend Analysis
Use this graph to draw trend lines for Carnarvon Petroleum Limited. You can use it to identify possible trend reversals for Carnarvon Petroleum 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 Carnarvon Petroleum price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Carnarvon Petroleum Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Carnarvon Petroleum Limited applied against its price change over selected period. The best fit line has a slop of 0.0002 , which may suggest that Carnarvon Petroleum Limited market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Carnarvon Petroleum price change compared to its average price change.About Carnarvon Petroleum 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 Carnarvon Petroleum Limited 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 Carnarvon Petroleum Limited based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Carnarvon Petroleum price pattern first instead of the macroeconomic environment surrounding Carnarvon Petroleum. By analyzing Carnarvon Petroleum'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 Carnarvon Petroleum'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 Carnarvon Petroleum specific price patterns or momentum indicators. Please read more on our technical analysis page.
Carnarvon Petroleum April 19, 2024 Technical Indicators
Most technical analysis of Carnarvon 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 Carnarvon from various momentum indicators to cycle indicators. When you analyze Carnarvon 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.
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | 2.52 | |||
| Mean Deviation | 0.6444 | |||
| Coefficient Of Variation | (2,966) | |||
| Standard Deviation | 2.43 | |||
| Variance | 5.9 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 2.51 | |||
| Maximum Drawdown | 21.98 | |||
| Skewness | (2.38) | |||
| Kurtosis | 22.02 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carnarvon Petroleum Limited. 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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Carnarvon Pink Sheet analysis
When running Carnarvon Petroleum's price analysis, check to measure Carnarvon Petroleum'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 Carnarvon Petroleum is operating at the current time. Most of Carnarvon Petroleum's value examination focuses on studying past and present price action to predict the probability of Carnarvon Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carnarvon Petroleum's price. Additionally, you may evaluate how the addition of Carnarvon Petroleum to your portfolios can decrease your overall portfolio volatility.
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