China Petroleum Chemical Stock Technical Analysis

SNPMF Stock  USD 0.59  0.01  1.72%   
As of the 6th of May, China Petroleum shows the Downside Deviation of 3.86, risk adjusted performance of 0.0616, and Mean Deviation of 1.87. In respect to fundamental indicators, the technical analysis model gives you tools to check existing technical drivers of China Petroleum, as well as the relationship between them. 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 collected data for nineteen technical drivers for China Petroleum Chemical, which can be compared to its peers. Please confirm China Petroleum Chemical jensen alpha, as well as the relationship between the potential upside and skewness to decide if China Petroleum Chemical is priced correctly, providing market reflects its regular price of 0.59 per share. As China Petroleum Chemical is a penny stock we also strongly suggest to validate its total risk alpha numbers.

China Petroleum Momentum Analysis

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

China Petroleum Chemical Technical Analysis

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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 China Petroleum Chemical volatility. High ATR values indicate high volatility, and low values indicate low volatility.

China Petroleum Chemical Trend Analysis

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

China Petroleum Best Fit Change Line

The following chart estimates an ordinary least squares regression model for China Petroleum Chemical applied against its price change over selected period. The best fit line has a slop of    , which means China Petroleum Chemical will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.04, which is the sum of squared deviations for the predicted China Petroleum price change compared to its average price change.

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

China Petroleum May 6, 2024 Technical Indicators

Most technical analysis of China 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 China from various momentum indicators to cycle indicators. When you analyze China 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 World Market Map to better understand how to build diversified portfolios, which includes a position in China Petroleum 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 population.
You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

Complementary Tools for China Pink Sheet analysis

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