Resolute Mining Limited Stock Technical Analysis

RMGGF Stock  USD 0.28  0.02  7.69%   
As of the 23rd of November, Resolute Mining holds the Coefficient Of Variation of (2,200), risk adjusted performance of (0.03), and Variance of 49.08. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Resolute Mining, as well as the relationship between them. Please check Resolute Mining coefficient of variation and the relationship between the information ratio and kurtosis to decide if Resolute Mining is priced some-what accurately, providing market reflects its current price of 0.28 per share. As Resolute Mining appears to be a penny stock we also advise to check out its jensen alpha numbers.

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

Resolute Mining Technical Analysis

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The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Resolute Mining volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Resolute Mining Trend Analysis

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

Resolute Mining Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Resolute Mining Limited applied against its price change over selected period. The best fit line has a slop of   0.002  , which may suggest that Resolute Mining Limited market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.16, which is the sum of squared deviations for the predicted Resolute Mining price change compared to its average price change.

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

Resolute Mining November 23, 2024 Technical Indicators

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

Complementary Tools for Resolute Pink Sheet analysis

When running Resolute Mining's price analysis, check to measure Resolute Mining'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 Resolute Mining is operating at the current time. Most of Resolute Mining's value examination focuses on studying past and present price action to predict the probability of Resolute Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Resolute Mining's price. Additionally, you may evaluate how the addition of Resolute Mining to your portfolios can decrease your overall portfolio volatility.
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