Woodside Petroleum Stock Technical Analysis
| WOPEF Stock | USD 18.80 0.21 1.10% |
As of the 18th of April 2024, Woodside Petroleum maintains the Market Risk Adjusted Performance of 0.1107, standard deviation of 2.75, and Mean Deviation of 1.95. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Woodside Petroleum, as well as the relationship between them. Specifically, you can use this information to find out if the company will indeed mirror its model of past data patterns, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for Woodside Petroleum, which can be compared to its peers. Please check out Woodside Petroleum standard deviation, as well as the relationship between the maximum drawdown and kurtosis to decide if Woodside Petroleum is priced fairly, providing market reflects its latest price of 18.8 per share. Given that Woodside Petroleum has information ratio of (0.04), we strongly advise you to confirm Woodside Petroleum's prevalent market performance to make sure the company can sustain itself at a future point.
Woodside Petroleum Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Woodside, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to WoodsideWoodside |
Woodside Petroleum 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.
Woodside Petroleum Technical Analysis
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 Woodside Petroleum volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Woodside Petroleum Trend Analysis
Use this graph to draw trend lines for Woodside Petroleum. You can use it to identify possible trend reversals for Woodside Petroleum 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 Woodside Petroleum price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Woodside Petroleum Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Woodside Petroleum applied against its price change over selected period. The best fit line has a slop of 0.0009 , which may suggest that Woodside Petroleum market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.03, which is the sum of squared deviations for the predicted Woodside Petroleum price change compared to its average price change.About Woodside Petroleum 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 Woodside Petroleum 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 Woodside Petroleum based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Woodside Petroleum price pattern first instead of the macroeconomic environment surrounding Woodside Petroleum. By analyzing Woodside Petroleum'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 Woodside Petroleum'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 Woodside Petroleum specific price patterns or momentum indicators. Please read more on our technical analysis page.
Woodside Petroleum April 18, 2024 Technical Indicators
Most technical analysis of Woodside 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 Woodside from various momentum indicators to cycle indicators. When you analyze Woodside 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) | |||
| Market Risk Adjusted Performance | 0.1107 | |||
| Mean Deviation | 1.95 | |||
| Coefficient Of Variation | (5,750) | |||
| Standard Deviation | 2.75 | |||
| Variance | 7.59 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 0.1007 | |||
| Maximum Drawdown | 13.1 | |||
| Value At Risk | (4.45) | |||
| Potential Upside | 4.61 | |||
| Skewness | 0.2213 | |||
| Kurtosis | 0.9517 |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Woodside Petroleum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Woodside Petroleum information on this page should be used as a complementary analysis to other Woodside Petroleum'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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for Woodside Pink Sheet analysis
When running Woodside Petroleum's price analysis, check to measure Woodside Petroleum'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 Woodside Petroleum is operating at the current time. Most of Woodside Petroleum's value examination focuses on studying past and present price action to predict the probability of Woodside Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Woodside Petroleum's price. Additionally, you may evaluate how the addition of Woodside Petroleum to your portfolios can decrease your overall portfolio volatility.
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