Africa Oil (Sweden) Technical Analysis

AOI Stock  SEK 18.16  0.31  1.68%   
As of the 28th of March, Africa Oil shows the Standard Deviation of 2.37, mean deviation of 1.64, and Risk Adjusted Performance of (0). Africa Oil Corp 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 were able to collect and analyze data for thirteen technical drivers for Africa Oil Corp, which can be compared to its rivals. Please confirm Africa Oil Corp information ratio, value at risk, as well as the relationship between the Value At Risk and kurtosis to decide if Africa Oil Corp is priced correctly, providing market reflects its regular price of 18.16 per share.

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

Africa Oil Corp 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 Africa Oil Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Africa Oil Corp Trend Analysis

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

Africa Oil Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Africa Oil Corp applied against its price change over selected period. The best fit line has a slop of   0.06  , which may suggest that Africa Oil Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 132.28, which is the sum of squared deviations for the predicted Africa Oil price change compared to its average price change.

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

Africa Oil March 28, 2024 Technical Indicators

Most technical analysis of Africa 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 Africa from various momentum indicators to cycle indicators. When you analyze Africa 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Africa Oil Corp. 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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

Complementary Tools for Africa Stock analysis

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