Melbana Energy Limited Stock Technical Analysis
| MEOAF Stock | USD 0.01 0 150.00% |
As of the 1st of February, Melbana Energy secures the Risk Adjusted Performance of 0.0259, standard deviation of 22.93, and Mean Deviation of 4.99. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Melbana Energy, as well as the relationship between them. Please verify Melbana Energy variance and maximum drawdown to decide if Melbana Energy Limited is priced some-what accurately, providing market reflects its recent price of 0.005 per share. As Melbana Energy appears to be a penny stock we also strongly suggest to check its information ratio numbers.
Melbana Energy Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Melbana, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MelbanaMelbana |
Melbana Energy 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.
Melbana Energy Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 Melbana Energy volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Melbana Energy Trend Analysis
Use this graph to draw trend lines for Melbana Energy Limited. You can use it to identify possible trend reversals for Melbana Energy 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 Melbana Energy price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Melbana Energy Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Melbana Energy Limited applied against its price change over selected period. The best fit line has a slop of 0.0004 , which may suggest that Melbana Energy 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 Melbana Energy price change compared to its average price change.About Melbana Energy 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 Melbana Energy 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 Melbana Energy Limited based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Melbana Energy price pattern first instead of the macroeconomic environment surrounding Melbana Energy. By analyzing Melbana Energy'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 Melbana Energy'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 Melbana Energy specific price patterns or momentum indicators. Please read more on our technical analysis page.
Melbana Energy February 1, 2025 Technical Indicators
Most technical analysis of Melbana 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 Melbana from various momentum indicators to cycle indicators. When you analyze Melbana 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 | 0.0259 | |||
| Market Risk Adjusted Performance | (0.08) | |||
| Mean Deviation | 4.99 | |||
| Coefficient Of Variation | 5160.18 | |||
| Standard Deviation | 22.93 | |||
| Variance | 525.98 | |||
| Information Ratio | 0.0159 | |||
| Jensen Alpha | 0.7486 | |||
| Total Risk Alpha | (1.44) | |||
| Treynor Ratio | (0.09) | |||
| Maximum Drawdown | 150.0 | |||
| Skewness | 3.91 | |||
| Kurtosis | 34.3 |
Complementary Tools for Melbana Pink Sheet analysis
When running Melbana Energy's price analysis, check to measure Melbana Energy'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 Melbana Energy is operating at the current time. Most of Melbana Energy's value examination focuses on studying past and present price action to predict the probability of Melbana Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Melbana Energy's price. Additionally, you may evaluate how the addition of Melbana Energy to your portfolios can decrease your overall portfolio volatility.
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