Denbury Resources Stock Technical Analysis
| DENDelisted Stock | USD 86.53 0.68 0.79% |
Denbury 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.
Denbury 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 Denbury, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to DenburyDenbury |
Denbury Resources 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, delisted stock market cycles, or different charting patterns.
Denbury Resources Technical Analysis
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.
Denbury Resources Trend Analysis
Use this graph to draw trend lines for Denbury Resources. You can use it to identify possible trend reversals for Denbury 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 Denbury Resources price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Denbury Resources Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Denbury Resources applied against its price change over selected period. The best fit line has a slop of 0.12 , which may imply that the returns on investment in Denbury Resources will continue to fail. It has 122 observation points and a regression sum of squares at 519.57, which is the sum of squared deviations for the predicted Denbury Resources price change compared to its average price change.About Denbury 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 Denbury Resources 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 Denbury Resources based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Denbury Resources price pattern first instead of the macroeconomic environment surrounding Denbury Resources. By analyzing Denbury 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 Denbury 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 Denbury Resources specific price patterns or momentum indicators. Please read more on our technical analysis page.
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Other Consideration for investing in Denbury Stock
If you are still planning to invest in Denbury Resources check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Denbury Resources' history and understand the potential risks before investing.
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