Western Energy Services Stock Technical Analysis
| WRG Stock | CAD 2.69 0.11 4.26% |
As of the 28th of November, Western Energy maintains the Standard Deviation of 3.02, market risk adjusted performance of 0.2415, and Mean Deviation of 1.72. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Western Energy Services, as well as the relationship between them.
Western 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 Western, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to WesternWestern |
Western Energy 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.
Western Energy Services Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Western Energy Services volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Western Energy Services Trend Analysis
Use this graph to draw trend lines for Western Energy Services. You can use it to identify possible trend reversals for Western 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 Western Energy price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Western Energy Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Western Energy Services applied against its price change over selected period. The best fit line has a slop of 0.0062 , which may suggest that Western Energy Services market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1.47, which is the sum of squared deviations for the predicted Western Energy price change compared to its average price change.About Western 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 Western Energy Services 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 Western Energy Services based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Western Energy Services price pattern first instead of the macroeconomic environment surrounding Western Energy Services. By analyzing Western 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 Western 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 Western Energy specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Dividend Yield | 0.00128 | 0.001216 | Price To Sales Ratio | 0.43 | 0.41 |
Western Energy November 28, 2024 Technical Indicators
Most technical analysis of Western 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 Western from various momentum indicators to cycle indicators. When you analyze Western 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 | (0.02) | |||
| Market Risk Adjusted Performance | 0.2415 | |||
| Mean Deviation | 1.72 | |||
| Coefficient Of Variation | (2,529) | |||
| Standard Deviation | 3.02 | |||
| Variance | 9.15 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | 0.2315 | |||
| Maximum Drawdown | 14.69 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 4.73 | |||
| Skewness | (0.40) | |||
| Kurtosis | 2.56 |
Other Information on Investing in Western Stock
Western Energy financial ratios help investors to determine whether Western 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 Western with respect to the benefits of owning Western Energy security.