Zijin Mining (Germany) Technical Analysis

FJZ Stock  EUR 2.12  0.02  0.95%   
As of the 22nd of May, Zijin Mining maintains the Mean Deviation of 2.32, market risk adjusted performance of (3.09), and Downside Deviation of 3.32. Zijin Mining Group technical analysis makes it possible for you to employ past prices and volume data with the intention to determine a pattern that calculates the direction of the company's future prices. Specifically, you can use this information to find out if the company will indeed mirror its model of past data patterns, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Zijin Mining Group, which can be compared to its peers. Please check out Zijin Mining Group standard deviation, treynor ratio, downside variance, as well as the relationship between the information ratio and value at risk to decide if Zijin Mining Group is priced fairly, providing market reflects its latest price of 2.12 per share.

Zijin Mining Momentum Analysis

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

Zijin Mining Group Technical Analysis

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The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 Zijin Mining Group volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Zijin Mining Group Trend Analysis

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

Zijin Mining Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Zijin Mining Group applied against its price change over selected period. The best fit line has a slop of   0.01  , which means Zijin Mining Group will continue generating value for investors. It has 122 observation points and a regression sum of squares at 4.47, which is the sum of squared deviations for the predicted Zijin Mining price change compared to its average price change.

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

Zijin Mining May 22, 2024 Technical Indicators

Most technical analysis of Zijin 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 Zijin from various momentum indicators to cycle indicators. When you analyze Zijin 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.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Zijin Mining Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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When running Zijin Mining's price analysis, check to measure Zijin Mining'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 Zijin Mining is operating at the current time. Most of Zijin Mining's value examination focuses on studying past and present price action to predict the probability of Zijin Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zijin Mining's price. Additionally, you may evaluate how the addition of Zijin Mining to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Zijin Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zijin Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zijin Mining's 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.