Petroleo Brasileiro (Spain) Technical Analysis
| XPBRA Stock | EUR 6.42 0.10 1.53% |
As of the 28th of November, Petroleo Brasileiro holds the Coefficient Of Variation of (19,104), risk adjusted performance of 4.0E-4, and Variance of 1.85. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Petroleo Brasileiro, as well as the relationship between them. Please check Petroleo Brasileiro information ratio, and the relationship between the coefficient of variation and value at risk to decide if Petroleo Brasileiro is priced some-what accurately, providing market reflects its current price of 6.42 per share.
Petroleo Brasileiro Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Petroleo, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PetroleoPetroleo |
Petroleo Brasileiro 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.
Petroleo Brasileiro Technical Analysis
The output start index for this execution was fourteen with a total number of output elements of fourty-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 Petroleo Brasileiro volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Petroleo Brasileiro Trend Analysis
Use this graph to draw trend lines for Petroleo Brasileiro SA. You can use it to identify possible trend reversals for Petroleo Brasileiro 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 Petroleo Brasileiro price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Petroleo Brasileiro Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Petroleo Brasileiro SA applied against its price change over selected period. The best fit line has a slop of 0.0011 , which may suggest that Petroleo Brasileiro SA market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.05, which is the sum of squared deviations for the predicted Petroleo Brasileiro price change compared to its average price change.About Petroleo Brasileiro 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 Petroleo Brasileiro SA 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 Petroleo Brasileiro SA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Petroleo Brasileiro price pattern first instead of the macroeconomic environment surrounding Petroleo Brasileiro. By analyzing Petroleo Brasileiro'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 Petroleo Brasileiro'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 Petroleo Brasileiro specific price patterns or momentum indicators. Please read more on our technical analysis page.
Petroleo Brasileiro November 28, 2024 Technical Indicators
Most technical analysis of Petroleo 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 Petroleo from various momentum indicators to cycle indicators. When you analyze Petroleo 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 | 4.0E-4 | |||
| Market Risk Adjusted Performance | (0.05) | |||
| Mean Deviation | 1.0 | |||
| Coefficient Of Variation | (19,104) | |||
| Standard Deviation | 1.36 | |||
| Variance | 1.85 | |||
| Information Ratio | (0.10) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.06) | |||
| Maximum Drawdown | 6.5 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 2.05 | |||
| Skewness | 0.2754 | |||
| Kurtosis | 1.2 |
Petroleo Brasileiro November 28, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Petroleo stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 20.05 | ||
| Daily Balance Of Power | (0.77) | ||
| Rate Of Daily Change | 0.98 | ||
| Day Median Price | 6.49 | ||
| Day Typical Price | 6.46 | ||
| Price Action Indicator | (0.11) | ||
| Market Facilitation Index | 0.0001 |
Other Information on Investing in Petroleo Stock
Petroleo Brasileiro financial ratios help investors to determine whether Petroleo 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 Petroleo with respect to the benefits of owning Petroleo Brasileiro security.