Canacol Energy Stock Technical Analysis
| CNNEF Stock | USD 2.71 0.04 1.45% |
As of the 1st of December, Canacol Energy shows the Mean Deviation of 2.15, risk adjusted performance of 0.0025, and Standard Deviation of 3.22. Canacol Energy technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates 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 analyze and collect data for thirteen technical drivers for Canacol Energy, which can be compared to its peers. Please confirm Canacol Energy variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if Canacol Energy is priced correctly, providing market reflects its regular price of 2.71 per share. Please also double-check Canacol Energy jensen alpha, which is currently at (0.22) to validate the company can sustain itself at a future point.
Canacol 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 Canacol, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CanacolCanacol |
Canacol Energy technical otc 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, otc market cycles, or different charting patterns.
Canacol Energy Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 Canacol Energy volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Canacol Energy Trend Analysis
Use this graph to draw trend lines for Canacol Energy. You can use it to identify possible trend reversals for Canacol 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 Canacol Energy price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Canacol Energy Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Canacol Energy applied against its price change over selected period. The best fit line has a slop of 0.0014 , which may suggest that Canacol Energy market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.08, which is the sum of squared deviations for the predicted Canacol Energy price change compared to its average price change.About Canacol 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 Canacol 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 Canacol Energy based on its technical analysis. In general, a bottom-up approach, as applied to this otc stock, focuses on Canacol Energy price pattern first instead of the macroeconomic environment surrounding Canacol Energy. By analyzing Canacol 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 Canacol 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 Canacol Energy specific price patterns or momentum indicators. Please read more on our technical analysis page.
Canacol Energy December 1, 2024 Technical Indicators
Most technical analysis of Canacol 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 Canacol from various momentum indicators to cycle indicators. When you analyze Canacol 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 | 0.0025 | |||
| Market Risk Adjusted Performance | (0.01) | |||
| Mean Deviation | 2.15 | |||
| Coefficient Of Variation | (14,779) | |||
| Standard Deviation | 3.22 | |||
| Variance | 10.38 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (0.02) | |||
| Maximum Drawdown | 18.01 | |||
| Value At Risk | (4.15) | |||
| Potential Upside | 4.69 | |||
| Skewness | 2.0 | |||
| Kurtosis | 5.79 |
Complementary Tools for Canacol OTC Stock analysis
When running Canacol Energy's price analysis, check to measure Canacol Energy'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 Canacol Energy is operating at the current time. Most of Canacol Energy's value examination focuses on studying past and present price action to predict the probability of Canacol Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canacol Energy's price. Additionally, you may evaluate how the addition of Canacol Energy to your portfolios can decrease your overall portfolio volatility.
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