Horizon Oil Limited Stock Technical Analysis
| HZNFF Stock | USD 0.14 0.03 27.27% |
As of the 21st of January, Horizon Oil retains the Market Risk Adjusted Performance of (0.20), downside deviation of 17.96, and Risk Adjusted Performance of 0.067. Horizon Oil 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 firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Horizon Oil Limited, which can be compared to its competitors. Please check out Horizon Oil Limited variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Horizon Oil is priced fairly, providing market reflects its last-minute price of 0.14 per share. As Horizon Oil Limited appears to be a penny stock we also urge to confirm its total risk alpha numbers.
Horizon Oil Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Horizon, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to HorizonHorizon |
Horizon Oil technical otc 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, otc market cycles, or different charting patterns.
Horizon Oil Limited Technical Analysis
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 Horizon Oil Limited volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Horizon Oil Limited Trend Analysis
Use this graph to draw trend lines for Horizon Oil Limited. You can use it to identify possible trend reversals for Horizon Oil 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 Horizon Oil price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Horizon Oil Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Horizon Oil Limited applied against its price change over selected period. The best fit line has a slop of 0.0005 , which may suggest that Horizon Oil Limited market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.01, which is the sum of squared deviations for the predicted Horizon Oil price change compared to its average price change.About Horizon Oil 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 Horizon Oil Limited 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 Horizon Oil Limited based on its technical analysis. In general, a bottom-up approach, as applied to this otc stock, focuses on Horizon Oil Limited price pattern first instead of the macroeconomic environment surrounding Horizon Oil Limited. By analyzing Horizon Oil'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 Horizon Oil'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 Horizon Oil specific price patterns or momentum indicators. Please read more on our technical analysis page.
Horizon Oil January 21, 2025 Technical Indicators
Most technical analysis of Horizon 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 Horizon from various momentum indicators to cycle indicators. When you analyze Horizon 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.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.067 | |||
| Market Risk Adjusted Performance | (0.20) | |||
| Mean Deviation | 4.06 | |||
| Semi Deviation | 5.88 | |||
| Downside Deviation | 17.96 | |||
| Coefficient Of Variation | 1441.11 | |||
| Standard Deviation | 8.41 | |||
| Variance | 70.72 | |||
| Information Ratio | 0.0659 | |||
| Jensen Alpha | 0.6269 | |||
| Total Risk Alpha | 0.3754 | |||
| Sortino Ratio | 0.0308 | |||
| Treynor Ratio | (0.21) | |||
| Maximum Drawdown | 56.35 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 10.0 | |||
| Downside Variance | 322.47 | |||
| Semi Variance | 34.58 | |||
| Expected Short fall | (13.97) | |||
| Skewness | 0.3192 | |||
| Kurtosis | 5.84 |
Complementary Tools for Horizon OTC Stock analysis
When running Horizon Oil's price analysis, check to measure Horizon Oil'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 Horizon Oil is operating at the current time. Most of Horizon Oil's value examination focuses on studying past and present price action to predict the probability of Horizon Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Horizon Oil's price. Additionally, you may evaluate how the addition of Horizon Oil to your portfolios can decrease your overall portfolio volatility.
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