Western Resources Corp Stock Technical Analysis

WRX Stock  CAD 0.13  0.01  8.33%   
As of the 26th of April, Western Resources maintains the Market Risk Adjusted Performance of 0.002, downside deviation of 10.4, and Mean Deviation of 2.54. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Western Resources Corp, as well as the relationship between them. Specifically, you can use this information to find out if the company will indeed mirror its model of past data patterns, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for Western Resources Corp, which can be compared to its peers. Please check out Western Resources Corp jensen alpha and downside variance to decide if Western Resources Corp is priced fairly, providing market reflects its latest price of 0.13 per share.

Western Resources Momentum Analysis

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

Western Resources 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 Western Resources Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Western Resources Corp Trend Analysis

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

Western Resources Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Western Resources Corp applied against its price change over selected period. The best fit line has a slop of   0.0004  , which may suggest that Western Resources Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Western Resources price change compared to its average price change.

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

Western Resources April 26, 2024 Technical Indicators

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

Western Resources April 26, 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 Western 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.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Resources 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 AI Investment Finder module to use AI to screen and filter profitable investment opportunities.

Complementary Tools for Western Stock analysis

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