Goldcorp Technical Analysis

Goldcorp Inc -- USA Stock  

USD 13.44  0.08  0.60%

Goldcorp Inc retains Downside Deviation of 1.6, Market Risk Adjusted Performance of 1.17 and Risk Adjusted Performance of 0.0488. Goldcorp technical analysis makes it possible for you to employ historical prices and volume momentum with intention to determine a pattern that calculates the direction of the corporation future prices. In other words you can use this information to find out if the corporation will indeed mirror its model of historical price patterns or the prices will eventually revert. We found nineteen technical drivers for Goldcorp Inc which can be compared to its competitors. Please check out Goldcorp Inc Treynor Ratio, and the relationship between Variance and Potential Upside to decide if Goldcorp is priced fairly providing market reflects its last-minute price of 13.44 per share. Given that Goldcorp Inc has Jensen Alpha of 0.0585, we strongly advise you confirm Goldcorp Inc regular market performance to make sure the company can sustain itself at future point.
 Time Horizon     30 Days    Login   to change

Goldcorp Inc Technical Analysis

Time Period
  Portfolio Suggestion    
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The output start index for this execution was twelve with a total number of output elements of five. 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 Goldcorp Inc 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.

Goldcorp Inc Trend Analysis

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

Goldcorp Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Goldcorp Inc applied against its price change over selected period. The best fit line has a slop of 0.053333 % which suggests that Goldcorp Inc will keep on generating value for investors. It has 34 observation points and a regression sum of squares at 2.32, which is the sum of squared deviations for the predicted Goldcorp price change compared to its average price change.

Current Sentiment - GG

Goldcorp Inc Investor Sentiment
Nearly all of Macroaxis users are currently bullish on Goldcorp Inc. What is your judgment towards investing in Goldcorp Inc? Are you bullish or bearish?
98% Bullish
2% Bearish
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Goldcorp Inc is rated below average in mean deviation category among related companies. It is rated below average in standard deviation category among related companies creating about  1.34  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Goldcorp Inc is roughly  1.34 

Goldcorp Market Strength

Goldcorp March 17, 2018 Daily Price Condition