BASHNEFT Technical Analysis

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BANEP -- Russia Stock  

RUB 1,420  12.50  0.87%

As of the 5th of June BASHNEFT PJSC shows Mean Deviation of 2357.66, Semi Deviation of 14.81 and Coefficient Of Variation of 256.86. BASHNEFT PJSC 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 entity future prices. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum or the prices will eventually revert. We found nineteen technical drivers for BASHNEFT PJSC, which can be compared to its rivals. Please confirm BASHNEFT PJSC Standard Deviation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Expected Short fall to decide if BASHNEFT PJSC is priced adequately providing market reflects its regular price of 1420.0 per share.

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BASHNEFT PJSC 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 BASHNEFT PJSC technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst, therefore, looks at the history of BASHNEFT PJSC 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...

BASHNEFT PJSC 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 BASHNEFT PJSC volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

BASHNEFT PJSC Trend Analysis

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

BASHNEFT PJSC Best Fit Change Line

The following chart estimates an ordinary least squares regression model for BASHNEFT PJSC applied against its price change over selected period. The best fit line has a slop of   -2,172  which may suggest that BASHNEFT PJSC market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1.7844096475431E11, which is the sum of squared deviations for the predicted BASHNEFT PJSC price change compared to its average price change.

About BASHNEFT PJSC Technical Analysis

The Macroaxis 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 BASHNEFT PJSC 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 BASHNEFT PJSC based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on BASHNEFT PJSC stock first instead of the macroeconomic environment surrounding BASHNEFT PJSC . By analyzing BASHNEFT PJSC's financials, daily price indicators, and its related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of BASHNEFT PJSC'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 BASHNEFT PJSC specific price patterns or momentum indicators. Please read more on our technical analysis page.
Public Joint Stock Oil Company Bashneft engages in the development and implementation, exploration, production, and refining of oil reserves in Russia. Public Joint Stock Oil Company Bashneft is a subsidiary of Public Joint Stock Company Rosneft Oil Company. BASHNEFT PJSC is traded on Moscow Interbank Currency Exchange in Russia.

BASHNEFT PJSC June 5, 2020 Technical Indicators

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