Foran Mining Stock Technical Analysis

FOM Stock   4.28  0.04  0.93%   
As of the 26th of November, Foran Mining shows the Mean Deviation of 1.74, coefficient of variation of 1347.12, and Downside Deviation of 2.51. Foran Mining 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.

Foran 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 Foran, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Foran
  
Foran 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.
Foran 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 Foran Mining technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Foran 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...

Foran Mining Technical Analysis

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The output start index for this execution was one with a total number of output elements of sixty. 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 Foran Mining volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Foran Mining Trend Analysis

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

Foran Mining Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Foran Mining applied against its price change over selected period. The best fit line has a slop of   0.01  , which means Foran Mining will continue generating value for investors. It has 122 observation points and a regression sum of squares at 4.24, which is the sum of squared deviations for the predicted Foran Mining price change compared to its average price change.

About Foran 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 Foran Mining 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 Foran Mining based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Foran Mining price pattern first instead of the macroeconomic environment surrounding Foran Mining. By analyzing Foran 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 Foran 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 Foran Mining specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2023 2024 (projected)
Days Sales Outstanding16.5K17.3K
PTB Ratio2.322.44

Foran Mining November 26, 2024 Technical Indicators

Most technical analysis of Foran 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 Foran from various momentum indicators to cycle indicators. When you analyze Foran 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.

Foran Mining November 26, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Foran stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

Other Information on Investing in Foran Stock

Foran Mining financial ratios help investors to determine whether Foran 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 Foran with respect to the benefits of owning Foran Mining security.