Woori Technology Stock Forecast - Daily Balance Of Power
| 041190 Stock | KRW 8,850 210.00 2.43% |
Woori Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Woori Technology stock prices and determine the direction of Woori Technology Investment's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Woori Technology's historical fundamentals, such as revenue growth or operating cash flow patterns.
Woori |
Most investors in Woori Technology 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 Woori Technology's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Woori Technology's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Woori Technology Investment market sensitivity to bulls and bears. It estimates the ability of Woori Technology buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Woori Technology Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.37) | 0.7241 |
| Check Woori Technology Volatility | Backtest Woori Technology | Information Ratio |
Woori Technology Trading Date Momentum
| On June 12 2024 Woori Technology Investment was traded for 8,850 at the closing time. The highest price during the trading period was 8,870 and the lowest recorded bid was listed for 8,580 . The volume for the day was 849.3 K. This history from June 12, 2024 had no short-term effect on price fluctuation. The trading price change to the current price is 2.37% . |
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.
| Compare Woori Technology to competition |
Other Forecasting Options for Woori Technology
For every potential investor in Woori, whether a beginner or expert, Woori Technology's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Woori Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Woori. Basic forecasting techniques help filter out the noise by identifying Woori Technology's price trends.Woori Technology 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 Woori Technology stock to make a market-neutral strategy. Peer analysis of Woori Technology could also be used in its relative valuation, which is a method of valuing Woori Technology by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Woori Technology Inv 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 Woori Technology'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 Woori Technology's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Woori Technology Market Strength Events
Market strength indicators help investors to evaluate how Woori Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Woori Technology shares will generate the highest return on investment. By undertsting and applying Woori Technology stock market strength indicators, traders can identify Woori Technology Investment entry and exit signals to maximize returns.
| Accumulation Distribution | 27766.96 | |||
| Daily Balance Of Power | 0.7241 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 8725.0 | |||
| Day Typical Price | 8766.67 | |||
| Market Facilitation Index | 3.0E-4 | |||
| Price Action Indicator | 230.0 | |||
| Period Momentum Indicator | 210.0 |
Woori Technology Risk Indicators
The analysis of Woori Technology'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 Woori Technology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting woori 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 | 2.76 | |||
| Standard Deviation | 3.95 | |||
| Variance | 15.58 |
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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Woori Technology financial ratios help investors to determine whether Woori Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Woori with respect to the benefits of owning Woori Technology security.