Almaden Minerals Stock Technical Analysis

AAU Stock  USD 0.15  0.00  0.00%   
As of the 18th of April 2024, Almaden Minerals shows the Risk Adjusted Performance of 0.0528, standard deviation of 1.57, and Mean Deviation of 0.4425. Almaden Minerals technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze eleven technical drivers for Almaden Minerals, which can be compared to its peers. Please confirm Almaden Minerals standard deviation and skewness to decide if Almaden Minerals is priced correctly, providing market reflects its regular price of 0.1465 per share. As Almaden Minerals appears to be a penny stock we also recommend to validate its information ratio numbers.

Almaden Minerals Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Almaden, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Almaden
  
Almaden Minerals' 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.

Almaden Minerals Analyst Consensus

Target PriceAdvice# of Analysts
0.2Hold1Odds
Almaden Minerals current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Almaden analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Almaden stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Almaden Minerals, talking to its executives and customers, or listening to Almaden conference calls.
Almaden Analyst Advice Details
Almaden Minerals 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.
A focus of Almaden Minerals technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Almaden Minerals 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...

Almaden Minerals Technical Analysis

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Almaden Minerals Trend Analysis

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

Almaden Minerals Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Almaden Minerals applied against its price change over selected period. The best fit line has a slop of   0.0002  , which may imply that the returns on investment in Almaden Minerals will continue to fail. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Almaden Minerals price change compared to its average price change.

About Almaden Minerals 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 Almaden Minerals 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 Almaden Minerals based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Almaden Minerals price pattern first instead of the macroeconomic environment surrounding Almaden Minerals. By analyzing Almaden Minerals'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 Almaden Minerals'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 Almaden Minerals specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2023 2024 (projected)
Days Sales Outstanding2.9K3.1K
PTB Ratio3.763.7

Almaden Minerals April 18, 2024 Technical Indicators

Most technical analysis of Almaden 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 Almaden from various momentum indicators to cycle indicators. When you analyze Almaden 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.
When determining whether Almaden Minerals is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Almaden Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Almaden Minerals Stock. Highlighted below are key reports to facilitate an investment decision about Almaden Minerals Stock:
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Almaden Minerals information on this page should be used as a complementary analysis to other Almaden Minerals' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.

Complementary Tools for Almaden Stock analysis

When running Almaden Minerals' price analysis, check to measure Almaden Minerals' 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 Almaden Minerals is operating at the current time. Most of Almaden Minerals' value examination focuses on studying past and present price action to predict the probability of Almaden Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Almaden Minerals' price. Additionally, you may evaluate how the addition of Almaden Minerals to your portfolios can decrease your overall portfolio volatility.
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Is Almaden Minerals' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Almaden Minerals. If investors know Almaden will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Almaden Minerals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.07)
Return On Assets
(0.94)
Return On Equity
(1.66)
The market value of Almaden Minerals is measured differently than its book value, which is the value of Almaden that is recorded on the company's balance sheet. Investors also form their own opinion of Almaden Minerals' value that differs from its market value or its book value, called intrinsic value, which is Almaden Minerals' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Almaden Minerals' market value can be influenced by many factors that don't directly affect Almaden Minerals' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Almaden Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Almaden Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Almaden Minerals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.