Chorus Aviation Stock Technical Analysis

CHRRF Stock  USD 2.37  0.00  0.00%   
As of the 30th of November, Chorus Aviation shows the Risk Adjusted Performance of 0.1894, mean deviation of 0.7762, and Downside Deviation of 1.11. Chorus Aviation 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. Please confirm Chorus Aviation jensen alpha, as well as the relationship between the potential upside and skewness to decide if Chorus Aviation is priced correctly, providing market reflects its regular price of 2.37 per share. Please also double-check Chorus Aviation total risk alpha, which is currently at 0.0801 to validate the company can sustain itself at a future point.

Chorus Aviation Momentum Analysis

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

Chorus Aviation Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was ten with a total number of output elements of fifty-one. 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 Chorus Aviation volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Chorus Aviation Trend Analysis

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

Chorus Aviation Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Chorus Aviation applied against its price change over selected period. The best fit line has a slop of   0.01  , which means Chorus Aviation will continue generating value for investors. It has 122 observation points and a regression sum of squares at 2.05, which is the sum of squared deviations for the predicted Chorus Aviation price change compared to its average price change.

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

Chorus Aviation November 30, 2024 Technical Indicators

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

When running Chorus Aviation's price analysis, check to measure Chorus Aviation'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 Chorus Aviation is operating at the current time. Most of Chorus Aviation's value examination focuses on studying past and present price action to predict the probability of Chorus Aviation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chorus Aviation's price. Additionally, you may evaluate how the addition of Chorus Aviation to your portfolios can decrease your overall portfolio volatility.
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Share Portfolio
Track or share privately all of your investments from the convenience of any device
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope