Pasofino Stock Technical Analysis

VEIN Stock  CAD 0.48  0.02  4.00%   
As of the 31st of May, Pasofino Gold holds the risk adjusted performance of (0.030394), and Coefficient Of Variation of (2,290). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Pasofino Gold, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Pasofino Gold Limited, which can be compared to its competitors. Please check Pasofino Gold Limited treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside to decide if Pasofino Gold Limited is priced some-what accurately, providing market reflects its current price of 0.48 per share.
  

Pasofino Gold Momentum Analysis

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

Pasofino Gold 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 Pasofino Gold Limited volatility developed by Welles Wilder.
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Pasofino Gold Limited Trend Analysis

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

Pasofino Gold Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Pasofino Gold Limited applied against its price change over selected period. The best fit line has a slop of   0.002  , which may suggest that Pasofino Gold Limited market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.15, which is the sum of squared deviations for the predicted Pasofino Gold price change compared to its average price change.

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

Pasofino Gold May 31, 2023 Technical Indicators

Most technical analysis of Pasofino 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 Pasofino from various momentum indicators to cycle indicators. When you analyze Pasofino 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.
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Complementary Tools for Pasofino Stock analysis

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