Permian Stock Technical Analysis


USD 10.51  0.02  0.19%   

As of the 26th of November, Permian Resources holds the Semi Deviation of 3.59, risk adjusted performance of 0.1763, and Coefficient Of Variation of 832.4. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Permian Resources, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for Permian Resources Corp, which can be compared to its competitors. Please check Permian Resources Corp information ratio and downside variance to decide if Permian Resources Corp is priced some-what accurately, providing market reflects its current price of 10.51 per share. Given that Permian Resources has jensen alpha of 0.3866, we recommend you to check out Permian Resources Corp's recent market performance to make sure the company can sustain itself at a future point.

Permian Resources Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Permian, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Permian
Permian Resources' 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.
Permian Resources 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.
A focus of Permian Resources technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Permian Resources 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...

Permian Resources Corp Technical Analysis

The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Permian Resources Corp volatility developed by Welles Wilder.

Permian Resources Corp Trend Analysis

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

Permian Resources Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Permian Resources Corp applied against its price change over selected period. The best fit line has a slop of   0.07  , which suggests that Permian Resources Corp will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 188.28, which is the sum of squared deviations for the predicted Permian Resources price change compared to its average price change.

About Permian Resources 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 Permian Resources Corp 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 Permian Resources Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Permian Resources Corp price pattern first instead of the macroeconomic environment surrounding Permian Resources Corp. By analyzing Permian Resources'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 Permian Resources'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 Permian Resources specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2020 2021 2022 (projected)
Long Term Debt to Equity0.320.410.30.27
Interest Coverage1.435.496.318.54

Permian Resources November 26, 2022 Technical Indicators

Most technical analysis of Permian 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 Permian from various momentum indicators to cycle indicators. When you analyze Permian 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.
Please check Your Equity Center. You can also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

Complementary Tools for analysis

When running Permian Resources Corp price analysis, check to measure Permian Resources' 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 Permian Resources is operating at the current time. Most of Permian Resources' value examination focuses on studying past and present price action to predict the probability of Permian Resources' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Permian Resources' price. Additionally, you may evaluate how the addition of Permian Resources to your portfolios can decrease your overall portfolio volatility.
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Is Permian Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Permian Resources. If investors know Permian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Permian Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
Market Capitalization
Quarterly Revenue Growth YOY
Return On Assets
Return On Equity
The market value of Permian Resources Corp is measured differently than its book value, which is the value of Permian that is recorded on the company's balance sheet. Investors also form their own opinion of Permian Resources' value that differs from its market value or its book value, called intrinsic value, which is Permian Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Permian Resources' market value can be influenced by many factors that don't directly affect Permian Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Permian Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine Permian Resources value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Permian Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.