Abraxas Petroleum Stock Technical Analysis

AXASDelisted Stock  USD 0.03  0.00  0.00%   
As of the 19th of April, Abraxas Petroleum shows the Downside Deviation of 29.64, risk adjusted performance of 0.078, and Mean Deviation of 20.93. Abraxas Petroleum 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 analyze nineteen technical drivers for Abraxas Petroleum, which can be compared to its peers. Please confirm Abraxas Petroleum standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to decide if Abraxas Petroleum is priced correctly, providing market reflects its regular price of 0.0347 per share. As Abraxas Petroleum appears to be a penny stock we also recommend to validate its total risk alpha numbers.

Abraxas 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 Abraxas, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Abraxas
  
Abraxas Petroleum'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.
Abraxas 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.
A focus of Abraxas Petroleum technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Abraxas Petroleum 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...

Abraxas Petroleum Technical Analysis

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Abraxas Petroleum Trend Analysis

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

Abraxas Petroleum Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Abraxas Petroleum applied against its price change over selected period. The best fit line has a slop of   0.01  , which may suggest that Abraxas Petroleum market price will keep on failing further. It has 122 observation points and a regression sum of squares at 7.33, which is the sum of squared deviations for the predicted Abraxas Petroleum price change compared to its average price change.

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

Abraxas Petroleum April 19, 2024 Technical Indicators

Most technical analysis of Abraxas 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 Abraxas from various momentum indicators to cycle indicators. When you analyze Abraxas 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. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Abraxas Petroleum information on this page should be used as a complementary analysis to other Abraxas 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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Other Consideration for investing in Abraxas Pink Sheet

If you are still planning to invest in Abraxas Petroleum check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Abraxas Petroleum's history and understand the potential risks before investing.
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