Erdene Resource Development Stock Technical Analysis
| ERD Stock | CAD 8.79 1.25 16.58% |
As of the 23rd of December, Erdene Resource shows the Coefficient Of Variation of (5,658), mean deviation of 2.25, and Standard Deviation of 3.08. Erdene Resource Deve 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.
Erdene Resource Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Erdene, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ErdeneErdene |
Erdene Resource 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.
Erdene Resource Deve Technical Analysis
The output start index for this execution was sixty with a total number of output elements of one. The Normalized Average True Range is used to analyze tradable apportunities for Erdene Resource Deve across different markets.
Erdene Resource Deve Trend Analysis
Use this graph to draw trend lines for Erdene Resource Development. You can use it to identify possible trend reversals for Erdene Resource 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 Erdene Resource price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Erdene Resource Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Erdene Resource Development applied against its price change over selected period. The best fit line has a slop of 0.05 , which may suggest that Erdene Resource Development market price will keep on failing further. It has 122 observation points and a regression sum of squares at 103.82, which is the sum of squared deviations for the predicted Erdene Resource price change compared to its average price change.About Erdene Resource 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 Erdene Resource Development 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 Erdene Resource Development based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Erdene Resource Deve price pattern first instead of the macroeconomic environment surrounding Erdene Resource Deve. By analyzing Erdene Resource'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 Erdene Resource'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 Erdene Resource specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2024 | 2025 (projected) | Days Sales Outstanding | 115.47 | 109.69 | PTB Ratio | 18.82 | 15.03 |
Erdene Resource December 23, 2025 Technical Indicators
Most technical analysis of Erdene 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 Erdene from various momentum indicators to cycle indicators. When you analyze Erdene 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 | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0) | |||
| Market Risk Adjusted Performance | (0.07) | |||
| Mean Deviation | 2.25 | |||
| Coefficient Of Variation | (5,658) | |||
| Standard Deviation | 3.08 | |||
| Variance | 9.51 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.08) | |||
| Maximum Drawdown | 18.77 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 5.05 | |||
| Skewness | 0.5059 | |||
| Kurtosis | 1.77 |
Erdene Resource December 23, 2025 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 Erdene 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 | 36,757 | ||
| Daily Balance Of Power | 1.28 | ||
| Rate Of Daily Change | 1.17 | ||
| Day Median Price | 8.38 | ||
| Day Typical Price | 8.52 | ||
| Price Action Indicator | 1.03 |
Other Information on Investing in Erdene Stock
Erdene Resource financial ratios help investors to determine whether Erdene Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Erdene with respect to the benefits of owning Erdene Resource security.