Major Drilling Group Stock Technical Analysis
| MJDLF Stock | USD 5.71 0.05 0.88% |
As of the 5th of January, Major Drilling secures the Standard Deviation of 2.09, mean deviation of 1.42, and Risk Adjusted Performance of (0.03). In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Major Drilling Group, as well as the relationship between them. Please verify Major Drilling Group standard deviation, treynor ratio, as well as the relationship between the Treynor Ratio and potential upside to decide if Major Drilling Group is priced some-what accurately, providing market reflects its recent price of 5.71 per share. Given that Major Drilling Group has information ratio of (0.06), we recommend you to check Major Drilling's last-minute market performance to make sure the company can sustain itself at a future point.
Major Drilling Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Major, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MajorMajor |
Major Drilling 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.
Major Drilling Group Technical Analysis
The output start index for this execution was two with a total number of output elements of fifty-nine. 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 Major Drilling Group volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Major Drilling Group Trend Analysis
Use this graph to draw trend lines for Major Drilling Group. You can use it to identify possible trend reversals for Major Drilling 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 Major Drilling price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Major Drilling Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Major Drilling Group applied against its price change over selected period. The best fit line has a slop of 0.0068 , which may suggest that Major Drilling Group market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1.73, which is the sum of squared deviations for the predicted Major Drilling price change compared to its average price change.About Major Drilling 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 Major Drilling Group 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 Major Drilling Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Major Drilling Group price pattern first instead of the macroeconomic environment surrounding Major Drilling Group. By analyzing Major Drilling'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 Major Drilling'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 Major Drilling specific price patterns or momentum indicators. Please read more on our technical analysis page.
Major Drilling January 5, 2025 Technical Indicators
Most technical analysis of Major 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 Major from various momentum indicators to cycle indicators. When you analyze Major 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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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.03) | |||
| Market Risk Adjusted Performance | (0.09) | |||
| Mean Deviation | 1.42 | |||
| Coefficient Of Variation | (2,119) | |||
| Standard Deviation | 2.09 | |||
| Variance | 4.37 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.1) | |||
| Maximum Drawdown | 12.69 | |||
| Value At Risk | (3.28) | |||
| Potential Upside | 3.23 | |||
| Skewness | 1.35 | |||
| Kurtosis | 4.52 |
Complementary Tools for Major Pink Sheet analysis
When running Major Drilling's price analysis, check to measure Major Drilling'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 Major Drilling is operating at the current time. Most of Major Drilling's value examination focuses on studying past and present price action to predict the probability of Major Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Major Drilling's price. Additionally, you may evaluate how the addition of Major Drilling to your portfolios can decrease your overall portfolio volatility.
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