CNOOC Technical Analysis

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CEO -- USA Stock  

USD 115.37  1.32  1.16%

As of the 14th of July 2020, CNOOC shows the mean deviation of 1.87, and risk adjusted performance of 0.0261. CNOOC Limited 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 were able to break down nineteen technical drivers for CNOOC Limited, which can be compared to its rivals. Please confirm CNOOC Limited jensen alpha, as well as the relationship between the potential upside and skewness to decide if CNOOC Limited is priced favorably, providing market reflects its regular price of 115.37 per share. Given that CNOOC has jensen alpha of (0.13), we suggest you to validate CNOOC Limited's prevailing market performance to make sure the company can sustain itself in the future.

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Target PriceAdvice# of Analysts
131.4Buy1Odds
CNOOC Limited current and past analyst recommendations published by a number of research institutions as well as average analyst consensus. Most CNOOC analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand CNOOC stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of CNOOC Limited, talking to its executives and customers, or listening to CNOOC conference calls.
CNOOC Analyst Advice Details
CNOOC 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.
A focus of CNOOC technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of CNOOC 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...

CNOOC Limited Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of CNOOC Limited volatility developed by Welles Wilder. View also all equity analysis or get more info about true range volatility indicators indicator.

CNOOC Limited Trend Analysis

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

CNOOC Best Fit Change Line

The following chart estimates an ordinary least squares regression model for CNOOC Limited applied against its price change over selected period. The best fit line has a slop of   0.12  , which may imply that CNOOC Limited will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 533.7, which is the sum of squared deviations for the predicted CNOOC price change compared to its average price change.

About CNOOC 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 CNOOC Limited 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 CNOOC Limited based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on CNOOC Limited stock first instead of the macroeconomic environment surrounding CNOOC Limited . By analyzing CNOOC'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 CNOOC'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 CNOOC specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2017 2018 2019 (projected)
Book Value per Share851.06940.481 K
Asset Turnover0.30.350.32

CNOOC July 14, 2020 Technical Indicators

Most technical analysis of CNOOC stock 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 CNOOC from various momentum indicators to cycle indicators. When you analyze CNOOC 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 Performance0.0261
Market Risk Adjusted Performance0.0306
Mean Deviation1.87
Semi Deviation2.38
Downside Deviation2.47
Coefficient Of Variation7762.58
Standard Deviation2.53
Variance6.41
Information Ratio(0.047111)
Jensen Alpha(0.13)
Total Risk Alpha(0.18)
Sortino Ratio(0.04829)
Treynor Ratio0.0206
Maximum Drawdown14.65
Value At Risk(4.01)
Potential Upside4.32
Downside Variance6.1
Semi Variance5.69
Expected Short fall(1.90)
Skewness0.5943
Kurtosis1.96

CNOOC July 14, 2020 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 CNOOC 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  4,476  
Daily Balance Of Power  0.36  
Rate Of Daily Change  1.01  
Day Median Price  114.01  
Day Typical Price  114.46  
Price Action Indicator  2.03  
Continue to Trending Equities. Please also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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