Aurora Cannabis Stock Technical Analysis

ACB Stock  CAD 5.93  0.51  7.92%   
As of the 29th of March, Aurora Cannabis shows the Risk Adjusted Performance of 0.0138, downside deviation of 5.24, and Mean Deviation of 3.92. Aurora Cannabis 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 have analyzed nineteen technical drivers for Aurora Cannabis, which can be compared to its rivals. Please confirm Aurora Cannabis value at risk, and the relationship between the jensen alpha and semi variance to decide if Aurora Cannabis is priced correctly, providing market reflects its regular price of 5.93 per share.

Aurora Cannabis Momentum Analysis

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

Aurora Cannabis 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 Aurora Cannabis volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Aurora Cannabis Trend Analysis

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

Aurora Cannabis Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Aurora Cannabis applied against its price change over selected period. The best fit line has a slop of   0.02  , which may suggest that Aurora Cannabis market price will keep on failing further. It has 122 observation points and a regression sum of squares at 22.54, which is the sum of squared deviations for the predicted Aurora Cannabis price change compared to its average price change.

About Aurora Cannabis 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 Aurora Cannabis 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 Aurora Cannabis based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Aurora Cannabis price pattern first instead of the macroeconomic environment surrounding Aurora Cannabis. By analyzing Aurora Cannabis'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 Aurora Cannabis'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 Aurora Cannabis specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Current Ratio5.131.982.282.16
Price To Book Ratio5.520.620.720.68

Aurora Cannabis March 29, 2024 Technical Indicators

Most technical analysis of Aurora 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 Aurora from various momentum indicators to cycle indicators. When you analyze Aurora 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.

Aurora Cannabis March 29, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Aurora stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Aurora Cannabis offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Aurora Cannabis' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Aurora Cannabis Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Aurora Cannabis Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Cannabis. 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.
To learn how to invest in Aurora Stock, please use our How to Invest in Aurora Cannabis guide.
Note that the Aurora Cannabis information on this page should be used as a complementary analysis to other Aurora Cannabis' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

Complementary Tools for Aurora Stock analysis

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