Eco Oil (UK) Technical Analysis

ECO Stock   11.00  0.35  3.08%   
As of the 22nd of December, Eco Oil shows the Downside Deviation of 3.4, mean deviation of 2.27, and Coefficient Of Variation of 14441.38. Eco Oil Gas 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. Please confirm Eco Oil Gas maximum drawdown, semi variance, and the relationship between the jensen alpha and potential upside to decide if Eco Oil Gas is priced favorably, providing market reflects its regular price of 11.0 per share.

Eco Oil Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Eco, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Eco
  
Eco Oil'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.
Eco Oil 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.
A focus of Eco Oil technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Eco Oil 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...

Eco Oil Gas Technical Analysis

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The output start index for this execution was twenty with a total number of output elements of fourty-one. 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 Eco Oil Gas volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Eco Oil Gas Trend Analysis

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

Eco Oil Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Eco Oil Gas applied against its price change over selected period. The best fit line has a slop of    , which means Eco Oil Gas will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.39, which is the sum of squared deviations for the predicted Eco Oil price change compared to its average price change.

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

Eco Oil December 22, 2024 Technical Indicators

Most technical analysis of Eco 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 Eco from various momentum indicators to cycle indicators. When you analyze Eco 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.

Complementary Tools for Eco Stock analysis

When running Eco Oil's price analysis, check to measure Eco Oil'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 Eco Oil is operating at the current time. Most of Eco Oil's value examination focuses on studying past and present price action to predict the probability of Eco Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eco Oil's price. Additionally, you may evaluate how the addition of Eco Oil to your portfolios can decrease your overall portfolio volatility.
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