Exxaro Resources Limited Stock Technical Analysis
EXXAF Stock | USD 9.91 0.11 1.12% |
As of the 25th of April, Exxaro Resources shows the Variance of 30.66, mean deviation of 4.22, and Standard Deviation of 5.54. Exxaro Resources technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes 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 thirteen technical drivers for Exxaro Resources Limited, which can be compared to its peers. Please confirm Exxaro Resources market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if Exxaro Resources is priced favorably, providing market reflects its regular price of 9.91 per share. Given that Exxaro Resources has information ratio of (0.03), we urge you to verify Exxaro Resources Limited's prevailing market performance to make sure the company can sustain itself at a future point.
Exxaro Resources Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Exxaro, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ExxaroExxaro |
Exxaro Resources 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.
Exxaro Resources Technical Analysis
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Exxaro Resources Trend Analysis
Use this graph to draw trend lines for Exxaro Resources Limited. You can use it to identify possible trend reversals for Exxaro Resources 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 Exxaro Resources price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Exxaro Resources Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Exxaro Resources Limited applied against its price change over selected period. The best fit line has a slop of 0.06 , which may suggest that Exxaro Resources Limited market price will keep on failing further. It has 122 observation points and a regression sum of squares at 118.58, which is the sum of squared deviations for the predicted Exxaro Resources price change compared to its average price change.About Exxaro Resources 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 Exxaro Resources Limited 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 Exxaro Resources Limited based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Exxaro Resources price pattern first instead of the macroeconomic environment surrounding Exxaro Resources. By analyzing Exxaro Resources'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 Exxaro Resources'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 Exxaro Resources specific price patterns or momentum indicators. Please read more on our technical analysis page.
Exxaro Resources April 25, 2024 Technical Indicators
Most technical analysis of Exxaro 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 Exxaro from various momentum indicators to cycle indicators. When you analyze Exxaro 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 | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | (0) | |||
Market Risk Adjusted Performance | 0.5125 | |||
Mean Deviation | 4.22 | |||
Coefficient Of Variation | (6,237) | |||
Standard Deviation | 5.54 | |||
Variance | 30.66 | |||
Information Ratio | (0.03) | |||
Jensen Alpha | (0.08) | |||
Total Risk Alpha | (0.86) | |||
Treynor Ratio | 0.5025 | |||
Maximum Drawdown | 23.54 | |||
Value At Risk | (12.09) | |||
Potential Upside | 8.48 | |||
Skewness | (0.54) | |||
Kurtosis | 0.2548 |
Check out Investing Opportunities 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 Exxaro Resources information on this page should be used as a complementary analysis to other Exxaro Resources' 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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for Exxaro Pink Sheet analysis
When running Exxaro Resources' price analysis, check to measure Exxaro Resources' 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 Exxaro Resources is operating at the current time. Most of Exxaro Resources' value examination focuses on studying past and present price action to predict the probability of Exxaro Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Exxaro Resources' price. Additionally, you may evaluate how the addition of Exxaro Resources to your portfolios can decrease your overall portfolio volatility.
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