Panoro Energy (Norway) Technical Analysis
| PEN Stock | NOK 26.85 0.20 0.75% |
As of the 3rd of December, Panoro Energy holds the Risk Adjusted Performance of (0.02), variance of 3.67, and Coefficient Of Variation of (3,408). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Panoro Energy, as well as the relationship between them. Please check Panoro Energy ASA information ratio, value at risk, as well as the relationship between the Value At Risk and kurtosis to decide if Panoro Energy ASA is priced some-what accurately, providing market reflects its current price of 26.85 per share.
Panoro 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 Panoro, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PanoroPanoro |
Panoro Energy 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.
Panoro Energy ASA Technical Analysis
The output start index for this execution was twenty-eight with a total number of output elements of thirty-three. 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 Panoro Energy ASA volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Panoro Energy ASA Trend Analysis
Use this graph to draw trend lines for Panoro Energy ASA. You can use it to identify possible trend reversals for Panoro 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 Panoro Energy price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Panoro Energy Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Panoro Energy ASA applied against its price change over selected period. The best fit line has a slop of 0.0086 , which may suggest that Panoro Energy ASA market price will keep on failing further. It has 122 observation points and a regression sum of squares at 2.8, which is the sum of squared deviations for the predicted Panoro Energy price change compared to its average price change.About Panoro 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 Panoro Energy ASA 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 Panoro Energy ASA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Panoro Energy ASA price pattern first instead of the macroeconomic environment surrounding Panoro Energy ASA. By analyzing Panoro 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 Panoro 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 Panoro Energy specific price patterns or momentum indicators. Please read more on our technical analysis page.
Panoro Energy December 3, 2024 Technical Indicators
Most technical analysis of Panoro 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 Panoro from various momentum indicators to cycle indicators. When you analyze Panoro 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 | (0.02) | |||
| Market Risk Adjusted Performance | 0.387 | |||
| Mean Deviation | 1.53 | |||
| Coefficient Of Variation | (3,408) | |||
| Standard Deviation | 1.92 | |||
| Variance | 3.67 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | 0.377 | |||
| Maximum Drawdown | 7.51 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 3.21 | |||
| Skewness | (0.09) | |||
| Kurtosis | (0.29) |
Other Information on Investing in Panoro Stock
Panoro Energy financial ratios help investors to determine whether Panoro 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 Panoro with respect to the benefits of owning Panoro Energy security.