Enel Generacion Stock Forecast - Period Momentum Indicator
| CECO2 Stock | ARS 377.50 1.00 0.26% |
Enel Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Enel Generacion stock prices and determine the direction of Enel Generacion Costanera's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Enel Generacion's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Enel Generacion to cross-verify your projections. Enel |
Most investors in Enel Generacion cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Enel Generacion's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Enel Generacion's price structures and extracts relationships that further increase the generated results' accuracy.
Momentum indicator evaluates the difference between todays closing price and the close price n periods ago. It is the velocity with which the price is rising or falling. It also reflects how aggressively the asset is purchased or sold by the public.| Previous Period Momentum Indicator | Period Momentum Indicator | Trend |
| (17.00) | (1.00) |
| Check Enel Generacion Volatility | Backtest Enel Generacion | Information Ratio |
Enel Generacion Trading Date Momentum
| On April 27 2024 Enel Generacion Costanera was traded for 377.50 at the closing time. The highest price during the trading period was 394.50 and the lowest recorded bid was listed for 370.00 . There was no trading activity during the period 0.0. Lack of trading volume on April 27, 2024 did not affect price variability. The overall trading delta to the current price is 4.50% . |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
| Compare Enel Generacion to competition |
Other Forecasting Options for Enel Generacion
For every potential investor in Enel, whether a beginner or expert, Enel Generacion's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Enel Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Enel. Basic forecasting techniques help filter out the noise by identifying Enel Generacion's price trends.Enel Generacion Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Enel Generacion stock to make a market-neutral strategy. Peer analysis of Enel Generacion could also be used in its relative valuation, which is a method of valuing Enel Generacion by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Enel Generacion Costanera Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Enel Generacion's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Enel Generacion's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Enel Generacion Market Strength Events
Market strength indicators help investors to evaluate how Enel Generacion stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Enel Generacion shares will generate the highest return on investment. By undertsting and applying Enel Generacion stock market strength indicators, traders can identify Enel Generacion Costanera entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0621 | |||
| Daily Balance Of Power | (0.04) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 382.25 | |||
| Day Typical Price | 380.67 | |||
| Market Facilitation Index | 24.5 | |||
| Price Action Indicator | (5.25) | |||
| Period Momentum Indicator | (1.00) |
Enel Generacion Risk Indicators
The analysis of Enel Generacion's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Enel Generacion's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting enel stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 3.02 | |||
| Standard Deviation | 4.01 | |||
| Variance | 16.09 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Enel Generacion
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Enel Generacion position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Enel Generacion will appreciate offsetting losses from the drop in the long position's value.Moving together with Enel Stock
| 0.66 | CEPU | Central Puerto SA | PairCorr |
| 0.82 | EDN | Empresa Distribuidora | PairCorr |
| 0.61 | TECO2 | Telecom Argentina | PairCorr |
The ability to find closely correlated positions to Enel Generacion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enel Generacion when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Enel Generacion - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enel Generacion Costanera to buy it.
The correlation of Enel Generacion is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enel Generacion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enel Generacion Costanera moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Enel Generacion can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Enel Generacion to cross-verify your projections. Note that the Enel Generacion Costanera information on this page should be used as a complementary analysis to other Enel Generacion's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Enel Stock analysis
When running Enel Generacion's price analysis, check to measure Enel Generacion'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 Enel Generacion is operating at the current time. Most of Enel Generacion's value examination focuses on studying past and present price action to predict the probability of Enel Generacion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enel Generacion's price. Additionally, you may evaluate how the addition of Enel Generacion to your portfolios can decrease your overall portfolio volatility.
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