Premium Nickel Resources Stock Technical Analysis
| PNRLF Stock | 0.36 0.02 5.88% |
As of the 14th of December 2024, Premium Nickel holds the Coefficient Of Variation of 9478.34, risk adjusted performance of 0.0163, and Semi Deviation of 4.23. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Premium Nickel, as well as the relationship between them. Please check Premium Nickel Resources variance, as well as the relationship between the maximum drawdown and semi variance to decide if Premium Nickel Resources is priced some-what accurately, providing market reflects its current price of 0.36 per share. As Premium Nickel Resources appears to be a penny stock we also advise to check out its total risk alpha numbers.
Premium Nickel Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Premium, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PremiumPremium |
Premium Nickel technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Premium Nickel Resources Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Premium Nickel Resources volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Premium Nickel Resources Trend Analysis
Use this graph to draw trend lines for Premium Nickel Resources. You can use it to identify possible trend reversals for Premium Nickel 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 Premium Nickel price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Premium Nickel Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Premium Nickel Resources applied against its price change over selected period. The best fit line has a slop of 0.0042 , which may suggest that Premium Nickel Resources market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.66, which is the sum of squared deviations for the predicted Premium Nickel price change compared to its average price change.About Premium Nickel 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 Premium Nickel Resources 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 Premium Nickel Resources based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Premium Nickel Resources price pattern first instead of the macroeconomic environment surrounding Premium Nickel Resources. By analyzing Premium Nickel'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 Premium Nickel'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 Premium Nickel specific price patterns or momentum indicators. Please read more on our technical analysis page.
Premium Nickel December 14, 2024 Technical Indicators
Most technical analysis of Premium 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 Premium from various momentum indicators to cycle indicators. When you analyze Premium 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.
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| Volume Indicators |
| Risk Adjusted Performance | 0.0163 | |||
| Market Risk Adjusted Performance | (0.06) | |||
| Mean Deviation | 3.64 | |||
| Semi Deviation | 4.23 | |||
| Downside Deviation | 5.73 | |||
| Coefficient Of Variation | 9478.34 | |||
| Standard Deviation | 5.4 | |||
| Variance | 29.18 | |||
| Information Ratio | (0.01) | |||
| Jensen Alpha | 0.1112 | |||
| Total Risk Alpha | (0.62) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.07) | |||
| Maximum Drawdown | 34.58 | |||
| Value At Risk | (8.62) | |||
| Potential Upside | 7.55 | |||
| Downside Variance | 32.85 | |||
| Semi Variance | 17.93 | |||
| Expected Short fall | (5.28) | |||
| Skewness | 1.21 | |||
| Kurtosis | 5.25 |
Complementary Tools for Premium Pink Sheet analysis
When running Premium Nickel's price analysis, check to measure Premium Nickel'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 Premium Nickel is operating at the current time. Most of Premium Nickel's value examination focuses on studying past and present price action to predict the probability of Premium Nickel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Premium Nickel's price. Additionally, you may evaluate how the addition of Premium Nickel to your portfolios can decrease your overall portfolio volatility.
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