Daqo New Stock Forecast - Price Action Indicator
| DQ Stock | USD 22.71 0.32 1.43% |
Daqo Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Daqo New stock prices and determine the direction of Daqo New Energy's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Daqo New's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Daqo New's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Daqo New's systematic risk associated with finding meaningful patterns of Daqo New fundamentals over time.
Check out Historical Fundamental Analysis of Daqo New to cross-verify your projections. Daqo |
Open Interest Against 2024-04-19 Daqo Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Daqo New's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Daqo New's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Daqo New stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Daqo New's open interest, investors have to compare it to Daqo New's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Daqo New is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Daqo. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Daqo New 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 Daqo New's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Daqo New's 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 |
| (1.32) | 0.25 |
| Check Daqo New Volatility | Backtest Daqo New | Information Ratio |
Daqo New Trading Date Momentum
| On April 18 2024 Daqo New Energy was traded for 22.71 at the closing time. The highest price during the trading period was 23.12 and the lowest recorded bid was listed for 22.12 . The volume for the day was 688.7 K. This history from April 18, 2024 did not affect price variability. The overall trading delta to the current price is 1.23% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
| Compare Daqo New to competition |
Other Forecasting Options for Daqo New
For every potential investor in Daqo, whether a beginner or expert, Daqo New's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Daqo Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Daqo. Basic forecasting techniques help filter out the noise by identifying Daqo New's price trends.Daqo New 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 Daqo New stock to make a market-neutral strategy. Peer analysis of Daqo New could also be used in its relative valuation, which is a method of valuing Daqo New by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Daqo New Energy 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 Daqo New'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 Daqo New's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Daqo New Market Strength Events
Market strength indicators help investors to evaluate how Daqo New stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Daqo New shares will generate the highest return on investment. By undertsting and applying Daqo New stock market strength indicators, traders can identify Daqo New Energy entry and exit signals to maximize returns.
Daqo New Risk Indicators
The analysis of Daqo New'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 Daqo New's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting daqo 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 | 2.9 | |||
| Semi Deviation | 3.52 | |||
| Standard Deviation | 3.7 | |||
| Variance | 13.69 | |||
| Downside Variance | 12.8 | |||
| Semi Variance | 12.38 | |||
| Expected Short fall | (3.02) |
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.
Daqo New Investors Sentiment
The influence of Daqo New's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Daqo. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Daqo New's public news can be used to forecast risks associated with an investment in Daqo. The trend in average sentiment can be used to explain how an investor holding Daqo can time the market purely based on public headlines and social activities around Daqo New Energy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Daqo New's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Daqo New's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Daqo New's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Daqo New.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Daqo New in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Daqo New's short interest history, or implied volatility extrapolated from Daqo New options trading.
Pair Trading with Daqo New
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 Daqo New 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 Daqo New will appreciate offsetting losses from the drop in the long position's value.Moving together with Daqo Stock
| 0.7 | ENTG | Entegris Financial Report 9th of May 2024 | PairCorr |
| 0.68 | KLAC | KLA Tencor Earnings Call This Week | PairCorr |
Moving against Daqo Stock
| 0.72 | G | Genpact Limited Financial Report 8th of May 2024 | PairCorr |
| 0.65 | III | Information Services Financial Report 13th of May 2024 | PairCorr |
| 0.62 | ACLS | Axcelis Technologies Financial Report 1st of May 2024 | PairCorr |
| 0.55 | AEHR | Aehr Test Systems Financial Report 11th of July 2024 | PairCorr |
| 0.46 | PLAB | Photronics Financial Report 22nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Daqo New could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daqo New 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 Daqo New - 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 Daqo New Energy to buy it.
The correlation of Daqo New 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 Daqo New moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daqo New Energy 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 Daqo New 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 Daqo New to cross-verify your projections. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Daqo Stock analysis
When running Daqo New's price analysis, check to measure Daqo New'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 Daqo New is operating at the current time. Most of Daqo New's value examination focuses on studying past and present price action to predict the probability of Daqo New's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daqo New's price. Additionally, you may evaluate how the addition of Daqo New to your portfolios can decrease your overall portfolio volatility.
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Is Daqo New's industry 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 Daqo New. If investors know Daqo 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 Daqo New 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 (0.85) | Earnings Share 5.62 | Revenue Per Share 30.897 | Quarterly Revenue Growth (0.45) | Return On Assets 0.0651 |
The market value of Daqo New Energy is measured differently than its book value, which is the value of Daqo that is recorded on the company's balance sheet. Investors also form their own opinion of Daqo New's value that differs from its market value or its book value, called intrinsic value, which is Daqo New's 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 Daqo New's market value can be influenced by many factors that don't directly affect Daqo New's 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 Daqo New's value and its price as these two are different measures arrived at by different means. Investors typically determine if Daqo New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Daqo New's 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.