Advantage Oil Gas Stock Technical Analysis

AAV Stock  CAD 10.37  0.10  0.96%   
As of the 24th of April, Advantage Oil shows the Risk Adjusted Performance of 0.1129, downside deviation of 1.51, and Mean Deviation of 1.49. Advantage Oil Gas 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 interpolate and analyze data for nineteen technical drivers for Advantage Oil Gas, which can be compared to its peers. Please confirm Advantage Oil Gas variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Advantage Oil Gas is priced correctly, providing market reflects its regular price of 10.37 per share.

Advantage Oil Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Advantage, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Advantage
  
Advantage Oil'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.
Advantage Oil 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 Advantage Oil technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Advantage Oil 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...

Advantage Oil Gas 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 Advantage Oil Gas volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Advantage Oil Gas Trend Analysis

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

Advantage Oil Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Advantage Oil Gas applied against its price change over selected period. The best fit line has a slop of   0.03  , which means Advantage Oil Gas will continue generating value for investors. It has 122 observation points and a regression sum of squares at 26.16, which is the sum of squared deviations for the predicted Advantage Oil price change compared to its average price change.

About Advantage Oil 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 Advantage Oil Gas 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 Advantage Oil Gas based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Advantage Oil Gas price pattern first instead of the macroeconomic environment surrounding Advantage Oil Gas. By analyzing Advantage Oil'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 Advantage Oil'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 Advantage Oil specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2023 2024 (projected)
Dividend Yield0.02290.0217
Price To Sales Ratio2.791.73

Advantage Oil April 24, 2024 Technical Indicators

Most technical analysis of Advantage 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 Advantage from various momentum indicators to cycle indicators. When you analyze Advantage 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.

Advantage Oil April 24, 2024 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 Advantage 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advantage Oil Gas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for Advantage Stock analysis

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