Denbury Resources Price on May 4, 2023

DENDelisted Stock  USD 86.53  0.68  0.79%   
If you're considering investing in Denbury Stock, it is important to understand the factors that can impact its price. As of today, the current price of Denbury Resources stands at 86.53, as last reported on the 16th of December 2024, with the highest price reaching 87.25 and the lowest price hitting 85.61 during the day. We have found twenty-three technical indicators for Denbury Resources, which you can use to evaluate the volatility of the firm. Please confirm Denbury Resources' Standard Deviation of 1.73, mean deviation of 1.32, and Variance of 2.99 to check if the risk estimate we provide is consistent with the expected return of 0.0%.
  
Denbury Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0

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Based on monthly moving average Denbury Resources is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Denbury Resources by adding Denbury Resources to a well-diversified portfolio.

Denbury Resources Valuation on May 4, 2023

It is possible to determine the worth of Denbury Resources on a given historical date. On May 4, 2023 Denbury was worth 86.67 at the beginning of the trading date compared to the closed value of 84.62. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Denbury Resources stock. Still, in general, we apply an absolute valuation method to find Denbury Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Denbury Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Denbury Resources' related companies.
 Open High Low Close Volume
  88.75    89.23    86.71    87.00    677,112  
05/04/2023
  86.67    86.67    83.01    84.62    1,091,452  
  86.15    89.07    86.14    88.96    839,206  
Backtest Denbury Resources  |  Denbury Resources History  |  Denbury Resources Valuation   PreviousNext  
Open Value
86.67
84.62
Closing Value
86.67
Upside

Denbury Resources Trading Date Momentum on May 4, 2023

On May 05 2023 Denbury Resources was traded for  88.96  at the closing time. Highest Denbury Resources's price during the trading hours was 89.07  and the lowest price during the day was  86.14 . The net volume was 839.2 K. The overall trading history on the 5th of May contributed to the next trading period price boost. The overall trading delta to the next next day price was 5.13% . The overall trading delta to current price is 7.33% .

Denbury Resources Fundamentals Correlations and Trends

By evaluating Denbury Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Denbury Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Denbury financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Denbury Resources Stock history

Denbury Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Denbury is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Denbury Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Denbury Resources stock prices may prove useful in developing a viable investing in Denbury Resources
Denbury Inc., an independent energy company, focuses on producing oil from mature oil fields in the Gulf Coast and Rocky Mountain regions. Denbury Inc. was incorporated in 2003 and is headquartered in Plano, Texas. Denbury operates under Oil Gas EP classification in the United States and is traded on New York Stock Exchange. It employs 740 people.

Denbury Resources Stock Technical Analysis

Denbury 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, delisted stock market cycles, or different charting patterns.
A focus of Denbury Resources technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Denbury 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...

Price Boundaries

Denbury Resources Period Price Range

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Denbury Resources cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Denbury Resources December 16, 2024 Market Strength

Market strength indicators help investors to evaluate how Denbury Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Denbury Resources shares will generate the highest return on investment. By undertsting and applying Denbury Resources stock market strength indicators, traders can identify Denbury Resources entry and exit signals to maximize returns

Denbury Resources Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Denbury Resources' price direction in advance. Along with the technical and fundamental analysis of Denbury Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Denbury to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

Other Consideration for investing in Denbury Stock

If you are still planning to invest in Denbury Resources 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 Denbury Resources' history and understand the potential risks before investing.
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