EVI Industries Stock Forecast - Price Action Indicator
| EVI Stock | USD 19.45 0.71 3.52% |
EVI Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast EVI Industries stock prices and determine the direction of EVI Industries's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of EVI Industries' historical fundamentals, such as revenue growth or operating cash flow patterns. Although EVI Industries' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of EVI Industries' systematic risk associated with finding meaningful patterns of EVI Industries fundamentals over time.
Check out Historical Fundamental Analysis of EVI Industries to cross-verify your projections. EVI |
Most investors in EVI Industries 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 EVI Industries' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets EVI Industries' price structures and extracts relationships that further increase the generated results' accuracy.
Price Action indicator evaluates an asset for a given trading period using the following formula: ((close - open) + (close - high) + (close - low)) / 2. This indicator is consistent with the interpretation of Japanese candlestick patterns.| Previous Price Action Indicator | Price Action Indicator | Trend |
| (0.75) | (0.39) |
| Check EVI Industries Volatility | Backtest EVI Industries | Information Ratio |
EVI Industries Trading Date Momentum
| On June 04 2024 EVI Industries was traded for 19.45 at the closing time. Highest EVI Industries's price during the trading hours was 19.75 and the lowest price during the day was 19.21 . The net volume was 8.3 K. The overall trading history on the 4th of June did not affect price variability. The overall trading delta to current price is 1.54% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
| Compare EVI Industries to competition |
Other Forecasting Options for EVI Industries
For every potential investor in EVI, whether a beginner or expert, EVI Industries' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. EVI Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in EVI. Basic forecasting techniques help filter out the noise by identifying EVI Industries' price trends.EVI Industries 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 EVI Industries stock to make a market-neutral strategy. Peer analysis of EVI Industries could also be used in its relative valuation, which is a method of valuing EVI Industries by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
EVI Industries 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 EVI Industries' 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 EVI Industries' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
EVI Industries Market Strength Events
Market strength indicators help investors to evaluate how EVI Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading EVI Industries shares will generate the highest return on investment. By undertsting and applying EVI Industries stock market strength indicators, traders can identify EVI Industries entry and exit signals to maximize returns.
| Accumulation Distribution | 225.93 | |||
| Daily Balance Of Power | (1.31) | |||
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 19.48 | |||
| Day Typical Price | 19.47 | |||
| Market Facilitation Index | 1.0E-4 | |||
| Price Action Indicator | (0.39) | |||
| Period Momentum Indicator | (0.71) | |||
| Relative Strength Index | 44.78 |
EVI Industries Risk Indicators
The analysis of EVI Industries' 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 EVI Industries' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting evi 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 | 2.7 | |||
| Standard Deviation | 3.38 | |||
| Variance | 11.45 |
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.
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Additional Information and Resources on Investing in EVI Stock
When determining whether EVI Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of EVI Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Evi Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Evi Industries Stock:Check out Historical Fundamental Analysis of EVI Industries to cross-verify your projections. For more detail on how to invest in EVI Stock please use our How to Invest in EVI Industries guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Is Trading Companies & Distributors space 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 EVI Industries. If investors know EVI 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 EVI Industries 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 (0.68) | Earnings Share 0.36 | Revenue Per Share 28.317 | Quarterly Revenue Growth (0.11) | Return On Assets 0.0303 |
The market value of EVI Industries is measured differently than its book value, which is the value of EVI that is recorded on the company's balance sheet. Investors also form their own opinion of EVI Industries' value that differs from its market value or its book value, called intrinsic value, which is EVI Industries' 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 EVI Industries' market value can be influenced by many factors that don't directly affect EVI Industries' 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 EVI Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if EVI Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EVI Industries' 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.