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Dr Reddys Stock Forecast - Simple Moving Average

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RDY -- USA Stock  

USD 44.80  0.75  1.70%

Investors can use this prediction interface to forecast Dr Reddys historic stock prices and determine the direction of Dr Reddys Laboratories Ltd future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of Dr Reddys historical fundamentals such as revenue growth or operating cash flow patterns. Additionally take a look at Historical Fundamental Analysis of Dr Reddys to cross-verify your projections.
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A two period moving average forecast for Dr Reddys is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility.
Given 30 days horizon, the value of Dr Reddys Laboratories Ltd on the next trading day is expected to be 44.8

Dr Reddys Stock Forecast Pattern

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Dr Reddys Forecasted Value

Market Value
44.80
February 23, 2020
44.80
Expected Value
49.07
Upside

Model Predictive Factors

AICAkaike Information Criteria113.4858
BiasArithmetic mean of the errors -0.0786
MADMean absolute deviation0.448
MAPEMean absolute percentage error0.0105
SAESum of the absolute errors26.43
The simple moving average model is conceptually a linear regression of the current value of Dr Reddys Laboratories Ltd price series against current and previous (unobserved) value of Dr Reddys. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting stock prices into the future

Volatility Measures

Dr Reddys Risk Indicators

Current Sentiment - RDY

Dr Reddys Laboratories Investor Sentiment

Greater number of Macroaxis users are at this time bullish on Dr Reddys Laboratories Ltd. What is your opinion about investing in Dr Reddys Laboratories Ltd? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Additionally take a look at Historical Fundamental Analysis of Dr Reddys to cross-verify your projections. Please also try ETF Directory module to find actively-traded exchange traded funds (etf) from around the world.