Refinaria (Brazil) Technical Analysis

RPMG3 Stock  BRL 2.02  0.07  3.35%   
As of the 18th of April 2024, Refinaria holds the Coefficient Of Variation of 7927.09, risk adjusted performance of 0.0143, and Semi Deviation of 1.4. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Refinaria, 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 analyze nineteen technical drivers for Refinaria de Petrleos, which can be compared to its competitors. Please check Refinaria de Petrleos variance, jensen alpha, and the relationship between the standard deviation and information ratio to decide if Refinaria de Petrleos is priced some-what accurately, providing market reflects its current price of 2.02 per share.

Refinaria Momentum Analysis

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

Refinaria de Petrleos Technical Analysis

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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 Refinaria de Petrleos volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Refinaria de Petrleos Trend Analysis

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

Refinaria Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Refinaria de Petrleos applied against its price change over selected period. The best fit line has a slop of   0.0003  , which may suggest that Refinaria de Petrleos 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 Refinaria price change compared to its average price change.

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

Refinaria April 18, 2024 Technical Indicators

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

Refinaria April 18, 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 Refinaria 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 Equity Center to better understand how to build diversified portfolios, which includes a position in Refinaria de Petrleos. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Refinaria de Petrleos information on this page should be used as a complementary analysis to other Refinaria's 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Complementary Tools for Refinaria Stock analysis

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