Horizon Oil Limited Stock Technical Analysis

Overlap Analysis View

Forecast Models View

Price Shifting View

Volatility Indicators View

Value Movement View

A focus of Horizon Oil technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Horizon Oil 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...

Horizon Oil Limited Technical Analysis

Horizon Oil Limited Trend Analysis

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

Horizon Oil Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Horizon Oil Limited applied against its price change over selected period. The best fit line has a slop of   0.0004  , which means Horizon Oil Limited will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.01, which is the sum of squared deviations for the predicted Horizon Oil price change compared to its average price change.

Most technical analysis of Horizon 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 Horizon from various momentum indicators to cycle indicators. When you analyze Horizon 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Horizon Oil Limited. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Horizon Oil Limited information on this page should be used as a complementary analysis to other Horizon Oil's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

When running Horizon Oil's price analysis, check to measure Horizon Oil'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 Horizon Oil is operating at the current time. Most of Horizon Oil's value examination focuses on studying past and present price action to predict the probability of Horizon Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Horizon Oil's price. Additionally, you may evaluate how the addition of Horizon Oil to your portfolios can decrease your overall portfolio volatility.