Bumi Resources (Indonesia) Technical Analysis

Bumi Resources Tbk 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 zero technical drivers for Bumi Resources Tbk, which can be compared to its rivals.

Bumi Resources Momentum Analysis

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

Bumi Resources Tbk Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Bumi Resources Tbk volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Bumi Resources Tbk Trend Analysis

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

Bumi Resources Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Bumi Resources Tbk applied against its price change over selected period. The best fit line has a slop of   0.15  , which may suggest that Bumi Resources Tbk market price will keep on failing further. It has 122 observation points and a regression sum of squares at 841.97, which is the sum of squared deviations for the predicted Bumi Resources price change compared to its average price change.

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

Bumi Resources March 29, 2024 Technical Indicators

Most technical analysis of Bumi 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 Bumi from various momentum indicators to cycle indicators. When you analyze Bumi 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 Bumi Resources Tbk. 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

Complementary Tools for Bumi Stock analysis

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