Zion Oil OTC Stock Technical Analysis

ZNOG Stock  USD 0.08  0.0003  0.38%   
As of the 7th of February, Zion Oil maintains the mean deviation of 3.88, and Market Risk Adjusted Performance of (1.43). Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Zion Oil Gas, 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 break down and interpolate data for nineteen technical drivers for Zion Oil Gas, which can be compared to its rivals. Please check out Zion Oil Gas information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to decide if Zion Oil Gas is priced fairly, providing market reflects its latest price of 0.0797 per share. As Zion Oil Gas appears to be a penny stock we also urge to confirm its total risk alpha numbers.
  

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

Zion Oil Gas Technical Analysis

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The output start index for this execution was sixty with a total number of output elements of one. 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 Zion Oil Gas volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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Zion Oil Gas Trend Analysis

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

Zion Oil Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Zion Oil Gas applied against its price change over selected period. The best fit line has a slop of   -0.0009  , which may suggest that Zion Oil Gas 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 Zion Oil price change compared to its average price change.

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

Zion Oil February 7, 2023 Technical Indicators

Most technical analysis of Zion Oil 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 Zion Oil from various momentum indicators to cycle indicators. When you analyze Zion Oil 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 Your Current Watchlist. You can also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

Complementary Tools for analysis

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