Oge Energy Stock Technical Analysis
OGE Stock | USD 34.04 0.01 0.03% |
As of the 23rd of April, OGE Energy holds the Semi Deviation of 1.04, risk adjusted performance of 0.0632, and Mean Deviation of 0.8697. In respect to fundamental indicators, the technical analysis model allows you to check helpful technical drivers of OGE Energy, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for OGE Energy, which can be compared to its competitors. Please check OGE Energy variance, as well as the relationship between the maximum drawdown and semi variance to decide if OGE Energy is priced fairly, providing market reflects its current price of 34.04 per share. Given that OGE Energy has jensen alpha of 0.0341, we recommend you to check out OGE Energy's recent market performance to make sure the company can sustain itself in the future.
OGE 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 OGE, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OGEOGE |
OGE Energy technical stock 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, stock market cycles, or different charting patterns.
OGE Energy Technical Analysis
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 OGE Energy volatility. High ATR values indicate high volatility, and low values indicate low volatility.
OGE Energy Trend Analysis
Use this graph to draw trend lines for OGE Energy. You can use it to identify possible trend reversals for OGE 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 OGE Energy price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.OGE Energy Best Fit Change Line
The following chart estimates an ordinary least squares regression model for OGE Energy applied against its price change over selected period. The best fit line has a slop of 0.02 , which may imply that OGE Energy will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 18.35, which is the sum of squared deviations for the predicted OGE Energy price change compared to its average price change.About OGE 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 OGE Energy 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 OGE Energy based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on OGE Energy price pattern first instead of the macroeconomic environment surrounding OGE Energy. By analyzing OGE 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 OGE 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 OGE Energy specific price patterns or momentum indicators. Please read more on our technical analysis page.
OGE Energy April 23, 2024 Technical Indicators
Most technical analysis of OGE 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 OGE from various momentum indicators to cycle indicators. When you analyze OGE 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 | 0.0632 | |||
Market Risk Adjusted Performance | 0.13 | |||
Mean Deviation | 0.8697 | |||
Semi Deviation | 1.04 | |||
Downside Deviation | 1.14 | |||
Coefficient Of Variation | 1052.04 | |||
Standard Deviation | 1.16 | |||
Variance | 1.35 | |||
Information Ratio | 0.0182 | |||
Jensen Alpha | 0.0341 | |||
Total Risk Alpha | (0.05) | |||
Sortino Ratio | 0.0186 | |||
Treynor Ratio | 0.12 | |||
Maximum Drawdown | 6.27 | |||
Value At Risk | (1.84) | |||
Potential Upside | 2.01 | |||
Downside Variance | 1.29 | |||
Semi Variance | 1.09 | |||
Expected Short fall | (0.98) | |||
Skewness | (0.1) | |||
Kurtosis | 0.8078 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OGE Energy. 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. For information on how to trade OGE Stock refer to our How to Trade OGE Stock guide.Note that the OGE Energy information on this page should be used as a complementary analysis to other OGE Energy'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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for OGE Stock analysis
When running OGE Energy's price analysis, check to measure OGE 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 OGE Energy is operating at the current time. Most of OGE Energy's value examination focuses on studying past and present price action to predict the probability of OGE 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 OGE Energy's price. Additionally, you may evaluate how the addition of OGE Energy to your portfolios can decrease your overall portfolio volatility.
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Is OGE Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of OGE Energy. If investors know OGE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about OGE Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of OGE Energy is measured differently than its book value, which is the value of OGE that is recorded on the company's balance sheet. Investors also form their own opinion of OGE Energy's value that differs from its market value or its book value, called intrinsic value, which is OGE Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because OGE Energy's market value can be influenced by many factors that don't directly affect OGE Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between OGE Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if OGE Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OGE 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.