Midnight Sun Mining Stock Technical Analysis
MDNGF Stock | USD 0.16 0.02 5.88% |
As of the 28th of March, Midnight Sun secures the Risk Adjusted Performance of 0.018, mean deviation of 3.33, and Downside Deviation of 7.98. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Midnight Sun Mining, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Midnight Sun, which can be compared to its peers in the industry. Please verify Midnight Sun Mining coefficient of variation, maximum drawdown, skewness, as well as the relationship between the information ratio and downside variance to decide if Midnight Sun Mining is priced some-what accurately, providing market reflects its recent price of 0.18 per share. As Midnight Sun Mining appears to be a penny stock we also strongly suggest to check its total risk alpha numbers.
Midnight Sun Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Midnight, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MidnightMidnight |
Midnight Sun 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.
Midnight Sun Mining Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 Midnight Sun Mining volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Midnight Sun Mining Trend Analysis
Use this graph to draw trend lines for Midnight Sun Mining. You can use it to identify possible trend reversals for Midnight Sun 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 Midnight Sun price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Midnight Sun Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Midnight Sun Mining applied against its price change over selected period. The best fit line has a slop of 0.001 , which may suggest that Midnight Sun Mining market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.04, which is the sum of squared deviations for the predicted Midnight Sun price change compared to its average price change.About Midnight Sun 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 Midnight Sun Mining 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 Midnight Sun Mining based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Midnight Sun Mining price pattern first instead of the macroeconomic environment surrounding Midnight Sun Mining. By analyzing Midnight Sun'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 Midnight Sun'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 Midnight Sun specific price patterns or momentum indicators. Please read more on our technical analysis page.
Midnight Sun March 28, 2024 Technical Indicators
Most technical analysis of Midnight 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 Midnight from various momentum indicators to cycle indicators. When you analyze Midnight 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.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.018 | |||
Market Risk Adjusted Performance | (0.39) | |||
Mean Deviation | 3.33 | |||
Semi Deviation | 3.98 | |||
Downside Deviation | 7.98 | |||
Coefficient Of Variation | 6273.53 | |||
Standard Deviation | 6.36 | |||
Variance | 40.4 | |||
Information Ratio | (0.01) | |||
Jensen Alpha | 0.1199 | |||
Total Risk Alpha | (1.34) | |||
Sortino Ratio | (0) | |||
Treynor Ratio | (0.40) | |||
Maximum Drawdown | 42.06 | |||
Value At Risk | (10.00) | |||
Potential Upside | 10.53 | |||
Downside Variance | 63.7 | |||
Semi Variance | 15.82 | |||
Expected Short fall | (11.59) | |||
Skewness | 1.58 | |||
Kurtosis | 6.24 |
Midnight Sun March 28, 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 Midnight 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.
Accumulation Distribution | 0.00 | ||
Daily Balance Of Power | Huge | ||
Rate Of Daily Change | 1.06 | ||
Day Median Price | 0.18 | ||
Day Typical Price | 0.18 | ||
Price Action Indicator | 0.00 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Midnight Sun Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Midnight Sun Mining information on this page should be used as a complementary analysis to other Midnight Sun'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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Midnight Pink Sheet analysis
When running Midnight Sun's price analysis, check to measure Midnight Sun'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 Midnight Sun is operating at the current time. Most of Midnight Sun's value examination focuses on studying past and present price action to predict the probability of Midnight Sun's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Midnight Sun's price. Additionally, you may evaluate how the addition of Midnight Sun to your portfolios can decrease your overall portfolio volatility.
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