Earthstone Energy Stock Technical Analysis

ESTEDelisted Stock  USD 21.17  0.13  0.62%   
As of the 1st of May, Earthstone Energy shows the Downside Deviation of 2.16, mean deviation of 1.87, and Coefficient Of Variation of 632.17. Earthstone Energy technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes 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 interpolate and analyze data for nineteen technical drivers for Earthstone Energy, which can be compared to its peers. Please confirm Earthstone Energy treynor ratio, as well as the relationship between the downside variance and kurtosis to decide if Earthstone Energy is priced favorably, providing market reflects its regular price of 21.17 per share. Given that Earthstone Energy has jensen alpha of 0.4983, we urge you to verify Earthstone Energy's prevailing market performance to make sure the company can sustain itself at a future point.

Earthstone 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 Earthstone, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Earthstone
  
Earthstone Energy'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.
Earthstone 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, delisted stock market cycles, or different charting patterns.
A focus of Earthstone Energy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Earthstone Energy 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...

Earthstone Energy Technical Analysis

Indicator
Time Period
Execute Indicator
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

Earthstone Energy Trend Analysis

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

Earthstone Energy Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Earthstone Energy applied against its price change over selected period. The best fit line has a slop of   0.08  , which means Earthstone Energy will continue generating value for investors. It has 122 observation points and a regression sum of squares at 235.06, which is the sum of squared deviations for the predicted Earthstone Energy price change compared to its average price change.

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

Earthstone Energy May 1, 2024 Technical Indicators

Most technical analysis of Earthstone 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 Earthstone from various momentum indicators to cycle indicators. When you analyze Earthstone 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 Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
You can also try the CEOs Directory module to screen CEOs from public companies around the world.

Other Consideration for investing in Earthstone Stock

If you are still planning to invest in Earthstone Energy check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Earthstone Energy's history and understand the potential risks before investing.
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Commodity Channel
Use Commodity Channel Index to analyze current equity momentum
Bonds Directory
Find actively traded corporate debentures issued by US companies