Orezone Gold Corp Stock Technical Analysis
| ORZCF Stock | USD 0.48 0.03 6.67% |
As of the 1st of December, Orezone Gold holds the Variance of 15.04, coefficient of variation of (3,747), and Risk Adjusted Performance of (0.01). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Orezone Gold, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to break down thirteen technical drivers for Orezone Gold Corp, which can be compared to its competitors. Please check Orezone Gold Corp coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and skewness to decide if Orezone Gold Corp is priced some-what accurately, providing market reflects its current price of 0.48 per share. As Orezone Gold Corp is a penny stock we also suggest to check out its jensen alpha numbers.
Orezone Gold Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Orezone, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OrezoneOrezone |
Orezone Gold 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.
Orezone Gold Corp Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-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 Orezone Gold Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Orezone Gold Corp Trend Analysis
Use this graph to draw trend lines for Orezone Gold Corp. You can use it to identify possible trend reversals for Orezone Gold 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 Orezone Gold price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Orezone Gold Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Orezone Gold Corp applied against its price change over selected period. The best fit line has a slop of 0.0018 , which may suggest that Orezone Gold Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.12, which is the sum of squared deviations for the predicted Orezone Gold price change compared to its average price change.About Orezone Gold 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 Orezone Gold Corp 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 Orezone Gold Corp based on its technical analysis. In general, a bottom-up approach, as applied to this otc stock, focuses on Orezone Gold Corp price pattern first instead of the macroeconomic environment surrounding Orezone Gold Corp. By analyzing Orezone Gold'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 Orezone Gold'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 Orezone Gold specific price patterns or momentum indicators. Please read more on our technical analysis page.
Orezone Gold December 1, 2024 Technical Indicators
Most technical analysis of Orezone 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 Orezone from various momentum indicators to cycle indicators. When you analyze Orezone 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 | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.25) | |||
| Mean Deviation | 2.84 | |||
| Coefficient Of Variation | (3,747) | |||
| Standard Deviation | 3.88 | |||
| Variance | 15.04 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | (0.26) | |||
| Maximum Drawdown | 22.11 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 6.56 | |||
| Skewness | (0.25) | |||
| Kurtosis | 0.9132 |
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When running Orezone Gold's price analysis, check to measure Orezone Gold'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 Orezone Gold is operating at the current time. Most of Orezone Gold's value examination focuses on studying past and present price action to predict the probability of Orezone Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orezone Gold's price. Additionally, you may evaluate how the addition of Orezone Gold to your portfolios can decrease your overall portfolio volatility.
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