Trican Well Service Stock Technical Analysis

TOLWF Stock  USD 3.40  0.13  3.68%   
As of the 9th of December, Trican Well has the Coefficient Of Variation of (14,182), variance of 4.88, and Risk Adjusted Performance of 0.0014. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Trican Well Service, as well as the relationship between them. Please validate Trican Well Service variance and potential upside to decide if Trican Well is priced more or less accurately, providing market reflects its prevalent price of 3.4 per share. Given that Trican Well Service has information ratio of (0.07), we advise you to double-check Trican Well Service's current market performance to make sure the company can sustain itself at a future point.

Trican Well Momentum Analysis

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

Trican Well Service Technical Analysis

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The output start index for this execution was twelve with a total number of output elements of fourty-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 Trican Well Service volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Trican Well Service Trend Analysis

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

Trican Well Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Trican Well Service applied against its price change over selected period. The best fit line has a slop of   0.0014  , which may suggest that Trican Well Service market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.08, which is the sum of squared deviations for the predicted Trican Well price change compared to its average price change.

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

Trican Well December 9, 2024 Technical Indicators

Most technical analysis of Trican 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 Trican from various momentum indicators to cycle indicators. When you analyze Trican 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 Trican Pink Sheet analysis

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