Eastern Stock Forecast - Daily Balance Of Power
| EAST Stock | 23.72 1.25 5.01% |
Eastern |
Most investors in Eastern 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 Eastern's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Eastern's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Eastern Company market sensitivity to bulls and bears. It estimates the ability of Eastern buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Eastern Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.9843 | (1.10) |
| Check Eastern Volatility | Backtest Eastern | Information Ratio |
Eastern Trading Date Momentum
| On May 27 2024 Eastern Company was traded for 23.72 at the closing time. The highest price during the trading period was 24.20 and the lowest recorded bid was listed for 23.06 . There was no trading activity during the period 0.0. Lack of trading volume on May 27, 2024 did not affect price variability. The overall trading delta to the current price is 2.78% . |
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 Eastern to competition |
Other Forecasting Options for Eastern
For every potential investor in Eastern, whether a beginner or expert, Eastern's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Eastern Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Eastern. Basic forecasting techniques help filter out the noise by identifying Eastern's price trends.Eastern 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 Eastern stock to make a market-neutral strategy. Peer analysis of Eastern could also be used in its relative valuation, which is a method of valuing Eastern by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Eastern Company 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 Eastern'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 Eastern's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Eastern Market Strength Events
Market strength indicators help investors to evaluate how Eastern stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eastern shares will generate the highest return on investment. By undertsting and applying Eastern stock market strength indicators, traders can identify Eastern Company entry and exit signals to maximize returns.
Eastern Risk Indicators
The analysis of Eastern'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 Eastern's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eastern 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 | 2.89 | |||
| Standard Deviation | 3.79 | |||
| Variance | 14.39 |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Eastern Stock analysis
When running Eastern's price analysis, check to measure Eastern'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 Eastern is operating at the current time. Most of Eastern's value examination focuses on studying past and present price action to predict the probability of Eastern's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastern's price. Additionally, you may evaluate how the addition of Eastern to your portfolios can decrease your overall portfolio volatility.
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