Panoro Energy (Norway) Technical Analysis
PEN Stock | NOK 27.50 0.60 2.14% |
As of the 24th of April, Panoro Energy holds the Coefficient Of Variation of 960.3, risk adjusted performance of 0.0707, and Semi Deviation of 1.27. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Panoro Energy, as well as the relationship between them. 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 nineteen technical drivers for Panoro Energy ASA, which can be compared to its competitors. Please check Panoro Energy ASA value at risk, and the relationship between the jensen alpha and semi variance to decide if Panoro Energy ASA is priced some-what accurately, providing market reflects its current price of 27.5 per share.
Panoro Energy Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Panoro, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PanoroPanoro |
Panoro Energy 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.
Panoro Energy ASA Technical Analysis
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 Panoro Energy ASA volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Panoro Energy ASA Trend Analysis
Use this graph to draw trend lines for Panoro Energy ASA. You can use it to identify possible trend reversals for Panoro Energy 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 Panoro Energy price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Panoro Energy Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Panoro Energy ASA applied against its price change over selected period. The best fit line has a slop of 0.06 , which means Panoro Energy ASA will continue generating value for investors. It has 122 observation points and a regression sum of squares at 143.22, which is the sum of squared deviations for the predicted Panoro Energy price change compared to its average price change.About Panoro Energy 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 Panoro Energy ASA 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 Panoro Energy ASA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Panoro Energy ASA price pattern first instead of the macroeconomic environment surrounding Panoro Energy ASA. By analyzing Panoro Energy'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 Panoro Energy'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 Panoro Energy specific price patterns or momentum indicators. Please read more on our technical analysis page.
Panoro Energy April 24, 2024 Technical Indicators
Most technical analysis of Panoro 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 Panoro from various momentum indicators to cycle indicators. When you analyze Panoro 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 | 0.0707 | |||
Market Risk Adjusted Performance | (0.85) | |||
Mean Deviation | 1.19 | |||
Semi Deviation | 1.27 | |||
Downside Deviation | 1.44 | |||
Coefficient Of Variation | 960.3 | |||
Standard Deviation | 1.48 | |||
Variance | 2.18 | |||
Information Ratio | 0.0396 | |||
Jensen Alpha | 0.158 | |||
Total Risk Alpha | (0.06) | |||
Sortino Ratio | 0.0406 | |||
Treynor Ratio | (0.86) | |||
Maximum Drawdown | 6.84 | |||
Value At Risk | (2.03) | |||
Potential Upside | 2.54 | |||
Downside Variance | 2.07 | |||
Semi Variance | 1.61 | |||
Expected Short fall | (1.30) | |||
Skewness | (0.06) | |||
Kurtosis | (0.36) |
Panoro Energy April 24, 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 Panoro 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.
Accumulation Distribution | 5,604 | ||
Daily Balance Of Power | (0.75) | ||
Rate Of Daily Change | 0.98 | ||
Day Median Price | 27.90 | ||
Day Typical Price | 27.77 | ||
Price Action Indicator | (0.70) |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Panoro Energy ASA. 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Panoro Stock analysis
When running Panoro Energy's price analysis, check to measure Panoro Energy'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 Panoro Energy is operating at the current time. Most of Panoro Energy's value examination focuses on studying past and present price action to predict the probability of Panoro Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Panoro Energy's price. Additionally, you may evaluate how the addition of Panoro Energy to your portfolios can decrease your overall portfolio volatility.
Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
Bonds Directory Find actively traded corporate debentures issued by US companies | |
Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
Equity Valuation Check real value of public entities based on technical and fundamental data | |
Global Correlations Find global opportunities by holding instruments from different markets | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio |