Harmony Gold (South Africa) Technical Analysis
| HAR Stock | 17,948 648.00 3.75% |
As of the 24th of November, Harmony Gold retains the Standard Deviation of 3.24, market risk adjusted performance of (0.21), and insignificant Risk Adjusted Performance. Harmony Gold technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Please check out Harmony Gold Mining coefficient of variation, treynor ratio, skewness, as well as the relationship between the variance and value at risk to decide if Harmony Gold is priced fairly, providing market reflects its last-minute price of 17948.0 per share.
Harmony Gold Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Harmony, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to HarmonyHarmony |
Harmony Gold 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.
Harmony Gold Mining Technical Analysis
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 Harmony Gold Mining volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Harmony Gold Mining Trend Analysis
Use this graph to draw trend lines for Harmony Gold Mining. You can use it to identify possible trend reversals for Harmony Gold 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 Harmony Gold price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Harmony Gold Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Harmony Gold Mining applied against its price change over selected period. The best fit line has a slop of 22.46 , which means Harmony Gold Mining will continue producing value for investors. It has 122 observation points and a regression sum of squares at 1.907748179E7, which is the sum of squared deviations for the predicted Harmony Gold price change compared to its average price change.About Harmony Gold 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 Harmony Gold Mining 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 Harmony Gold Mining based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Harmony Gold Mining price pattern first instead of the macroeconomic environment surrounding Harmony Gold Mining. By analyzing Harmony Gold'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 Harmony Gold'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 Harmony Gold specific price patterns or momentum indicators. Please read more on our technical analysis page.
Harmony Gold November 24, 2024 Technical Indicators
Most technical analysis of Harmony 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 Harmony from various momentum indicators to cycle indicators. When you analyze Harmony 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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0) | |||
| Market Risk Adjusted Performance | (0.21) | |||
| Mean Deviation | 2.5 | |||
| Coefficient Of Variation | (6,493) | |||
| Standard Deviation | 3.24 | |||
| Variance | 10.51 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (0.22) | |||
| Maximum Drawdown | 15.05 | |||
| Value At Risk | (4.86) | |||
| Potential Upside | 4.64 | |||
| Skewness | 0.5908 | |||
| Kurtosis | 0.4541 |
Complementary Tools for Harmony Stock analysis
When running Harmony Gold's price analysis, check to measure Harmony Gold'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 Harmony Gold is operating at the current time. Most of Harmony Gold's value examination focuses on studying past and present price action to predict the probability of Harmony Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harmony Gold's price. Additionally, you may evaluate how the addition of Harmony Gold to your portfolios can decrease your overall portfolio volatility.
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities |