Bluejay Mining Plc Stock Technical Analysis

BLLYF Stock  USD 0  0.0007  15.91%   
As of the 25th of April, Bluejay Mining shows the Risk Adjusted Performance of 0.0156, mean deviation of 7.84, and Downside Deviation of 13.32. Bluejay Mining plc technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for Bluejay Mining plc, which can be compared to its peers. Please confirm Bluejay Mining plc variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Bluejay Mining plc is priced correctly, providing market reflects its regular price of 0.0037 per share. As Bluejay Mining plc appears to be a penny stock we also recommend to validate its total risk alpha numbers.

Bluejay Mining Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Bluejay, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Bluejay
  
Bluejay Mining's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Bluejay Mining 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.
A focus of Bluejay Mining technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Bluejay Mining 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...

Bluejay Mining plc Technical Analysis

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The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Bluejay Mining plc volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Bluejay Mining plc Trend Analysis

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

Bluejay Mining Best Fit Change Line

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

About Bluejay Mining 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 Bluejay Mining plc 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 Bluejay Mining plc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Bluejay Mining plc price pattern first instead of the macroeconomic environment surrounding Bluejay Mining plc. By analyzing Bluejay Mining'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 Bluejay Mining'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 Bluejay Mining specific price patterns or momentum indicators. Please read more on our technical analysis page.

Bluejay Mining April 25, 2024 Technical Indicators

Most technical analysis of Bluejay 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 Bluejay from various momentum indicators to cycle indicators. When you analyze Bluejay 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Bluejay Mining plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Complementary Tools for Bluejay Pink Sheet analysis

When running Bluejay Mining's price analysis, check to measure Bluejay Mining'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 Bluejay Mining is operating at the current time. Most of Bluejay Mining's value examination focuses on studying past and present price action to predict the probability of Bluejay Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bluejay Mining's price. Additionally, you may evaluate how the addition of Bluejay Mining to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Bluejay Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bluejay Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bluejay Mining'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.