Loncor Resources Stock Pattern Recognition Shooting Star

LN Stock  CAD 0.46  0.01  2.22%   
Loncor Resources pattern recognition tool provides the execution environment for running the Shooting Star recognition and other technical functions against Loncor Resources. Loncor Resources value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of pattern recognition indicators. As with most other technical indicators, the Shooting Star recognition function is designed to identify and follow existing trends. Loncor Resources momentum indicators are usually used to generate trading rules based on assumptions that Loncor Resources trends in prices tend to continue for long periods.

Recognition
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was eleven with a total number of output elements of fifty. The function did not return any valid pattern recognition events for the selected time horizon. The Shooting Star pattern is one of reversal pattern that can predict Loncor Resources falling future prices.

Loncor Resources Technical Analysis Modules

Most technical analysis of Loncor Resources 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 Loncor from various momentum indicators to cycle indicators. When you analyze Loncor charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Loncor Resources Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Loncor Resources. We use our internally-developed statistical techniques to arrive at the intrinsic value of Loncor Resources based on widely used predictive technical indicators. In general, we focus on analyzing Loncor Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Loncor Resources's daily price indicators and compare them against related drivers, such as pattern recognition and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Loncor Resources's intrinsic value. In addition to deriving basic predictive indicators for Loncor Resources, we also check how macroeconomic factors affect Loncor Resources price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2023 2024 (projected)
Days Sales Outstanding814.12854.83
PTB Ratio1.911.81
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Loncor Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.020.463.44
Details
Intrinsic
Valuation
LowRealHigh
0.020.373.35
Details
Naive
Forecast
LowNextHigh
0.010.453.43
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.440.470.50
Details

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Other Information on Investing in Loncor Stock

Loncor Resources financial ratios help investors to determine whether Loncor Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Loncor with respect to the benefits of owning Loncor Resources security.