Electromed Stock Forecast - Daily Balance Of Power

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ELMD -- USA Stock  

Fiscal Quarter End: 30th of June 2020  

Electromed Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Electromed historical stock prices and determine the direction of Electromed future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Electromed historical fundamentals such as revenue growth or operating cash flow patterns. Although Electromed naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Electromed systematic risk associated with finding meaningful patterns of Electromed fundamentals over time. Continue to Historical Fundamental Analysis of Electromed to cross-verify your projections.

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The current year Asset Turnover is expected to grow to 1.30. The current year Issuance Purchase of Equity Shares is expected to grow to about 232.6 K, whereas Weighted Average Shares is expected to decline to about 8.5 M.
On March 29, 2020 Electromed had Daily Balance Of Power of (0.20). Balance of Power indicator (or BOP) measures the strength of Electromed market sensitivity to bulls and bears. It estimates the ability of Electromed buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Electromed Balance of Power indicator one can determine a trend of the price direction.
  Previous Daily Balance Of PowerDaily Balance Of PowerTrend
0.7273(0.20)
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Electromed Trading Date Momentum

The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Electromed Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Electromed and Dynatronics. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Continue to Historical Fundamental Analysis of Electromed to cross-verify your projections. Please also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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