Shanta Technical Analysis

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SAAGF -- USA Stock  

USD 0.14  0.0197  12.31%

As of the 6th of June Shanta Gold has Coefficient Of Variation of 3149.61 and Risk Adjusted Performance of 0.1249. In relation to Fundamental Indicators, Macroaxis technical analysis interface makes it possible for you to check existing technical drivers of Shanta Gold as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data or the prices will eventually revert. We found nineteen technical drivers for Shanta Gold, which can be compared to its competition. Please validate Shanta Gold Coefficient Of Variation, Maximum Drawdown, Skewness, as well as the relationship between Information Ratio and Downside Variance to decide if Shanta Gold is priced more or less accurately providing market reflects its prevalent price of 0.1403 per share. As Shanta Gold appears to be a penny stock we also recommend to double-check its Total Risk Alpha numbers.

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Shanta Gold technical otc 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.
A focus of Shanta Gold technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst, therefore, looks at the history of Shanta Gold 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...

Shanta Gold Technical Analysis

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The output start index for this execution was one with a total number of output elements of sixty. 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 Shanta Gold 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.

Shanta Gold Trend Analysis

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

Shanta Gold Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Shanta Gold applied against its price change over selected period. The best fit line has a slop of   -0.0001  which may suggest that Shanta Gold 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 Shanta Gold price change compared to its average price change.

About Shanta Gold Technical Analysis

The Macroaxis 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 Shanta Gold 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 Shanta Gold based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Shanta Gold stock first instead of the macroeconomic environment surrounding Shanta Gold . By analyzing Shanta Gold's financials, daily price indicators, and its related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Shanta Gold'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 Shanta Gold specific price patterns or momentum indicators. Please read more on our technical analysis page.
Shanta Gold Limited engages in gold mining, development, and exploration in Tanzania.

Shanta Gold June 6, 2020 Technical Indicators

Shanta Gold June 6, 2020 Daily Price Condition

Additionally, take a look at World Market Map. Please also try Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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