Prime Oil (Taiwan) Technical Analysis
| 2904 Stock | TWD 18.05 0.05 0.28% |
As of the 24th of April, Prime Oil holds the Coefficient Of Variation of (534.36), risk adjusted performance of (0.12), and Variance of 0.1519. Prime Oil Chemical technical analysis gives you tools to exploit past prices in attempt to determine a pattern that determines the direction of the company's future prices. 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 thirteen technical drivers for Prime Oil Chemical, which can be compared to its competitors. Please check Prime Oil Chemical mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if Prime Oil Chemical is priced some-what accurately, providing market reflects its current price of 18.05 per share.
Prime 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 Prime, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PrimePrime |
Prime Oil 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.
Prime Oil Chemical Technical Analysis
The output start index for this execution was thirty with a total number of output elements of thirty-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 Prime Oil Chemical volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Prime Oil Chemical Trend Analysis
Use this graph to draw trend lines for Prime Oil Chemical. You can use it to identify possible trend reversals for Prime 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 Prime Oil price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Prime Oil Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Prime Oil Chemical applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that Prime Oil Chemical market price will keep on failing further. It has 122 observation points and a regression sum of squares at 9.0, which is the sum of squared deviations for the predicted Prime Oil price change compared to its average price change.About Prime 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 Prime Oil Chemical 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 Prime Oil Chemical based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Prime Oil Chemical price pattern first instead of the macroeconomic environment surrounding Prime Oil Chemical. By analyzing Prime 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 Prime 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 Prime Oil specific price patterns or momentum indicators. Please read more on our technical analysis page.
Prime Oil April 24, 2024 Technical Indicators
Most technical analysis of Prime 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 Prime from various momentum indicators to cycle indicators. When you analyze Prime 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.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.12) | |||
| Market Risk Adjusted Performance | (0.70) | |||
| Mean Deviation | 0.2883 | |||
| Coefficient Of Variation | (534.36) | |||
| Standard Deviation | 0.3898 | |||
| Variance | 0.1519 | |||
| Information Ratio | (0.43) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.71) | |||
| Maximum Drawdown | 1.92 | |||
| Value At Risk | (0.82) | |||
| Potential Upside | 0.5556 | |||
| Skewness | (0.38) | |||
| Kurtosis | 0.9493 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Prime Oil Chemical. 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Prime Stock analysis
When running Prime Oil's price analysis, check to measure Prime 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 Prime Oil is operating at the current time. Most of Prime Oil's value examination focuses on studying past and present price action to predict the probability of Prime Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prime Oil's price. Additionally, you may evaluate how the addition of Prime Oil to your portfolios can decrease your overall portfolio volatility.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets |