Hennessy Gas Utility Fund Technical Analysis

HGASX Fund  USD 29.92  0.09  0.30%   
As of the 27th of November, Hennessy Gas retains the Risk Adjusted Performance of 0.2309, market risk adjusted performance of 2.78, and Downside Deviation of 0.6439. Hennessy Gas technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the entity's future prices.

Hennessy Gas Momentum Analysis

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

Hennessy Gas Utility 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 Hennessy Gas Utility volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Hennessy Gas Utility Trend Analysis

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

Hennessy Gas Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Hennessy Gas Utility applied against its price change over selected period. The best fit line has a slop of   0.05  , which means Hennessy Gas Utility will continue generating value for investors. It has 122 observation points and a regression sum of squares at 105.73, which is the sum of squared deviations for the predicted Hennessy Gas price change compared to its average price change.

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

Hennessy Gas November 27, 2024 Technical Indicators

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

Other Information on Investing in Hennessy Mutual Fund

Hennessy Gas financial ratios help investors to determine whether Hennessy Mutual Fund 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 Hennessy with respect to the benefits of owning Hennessy Gas security.
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