EDP Renovaveis Stock Forecast - Daily Balance Of Power
| EDPR Stock | EUR 12.65 0.22 1.71% |
EDP Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast EDP Renovaveis stock prices and determine the direction of EDP Renovaveis's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of EDP Renovaveis' historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of EDP Renovaveis to cross-verify your projections. EDP |
Most investors in EDP Renovaveis 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 EDP Renovaveis' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets EDP Renovaveis' price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of EDP Renovaveis market sensitivity to bulls and bears. It estimates the ability of EDP Renovaveis buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring EDP Renovaveis Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.17) | (1.00) |
| Check EDP Renovaveis Volatility | Backtest EDP Renovaveis | Information Ratio |
EDP Renovaveis Trading Date Momentum
| On April 24 2024 EDP Renovaveis was traded for 12.65 at the closing time. The highest price during the trading period was 12.81 and the lowest recorded bid was listed for 12.59 . The volume for the day was 768 K. This history from April 24, 2024 did not affect price variability. The overall trading delta to the current price is 1.19% . |
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 EDP Renovaveis to competition |
Other Forecasting Options for EDP Renovaveis
For every potential investor in EDP, whether a beginner or expert, EDP Renovaveis' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. EDP Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in EDP. Basic forecasting techniques help filter out the noise by identifying EDP Renovaveis' price trends.EDP Renovaveis 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 EDP Renovaveis stock to make a market-neutral strategy. Peer analysis of EDP Renovaveis could also be used in its relative valuation, which is a method of valuing EDP Renovaveis by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
EDP Renovaveis 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 EDP Renovaveis' 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 EDP Renovaveis' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
EDP Renovaveis Market Strength Events
Market strength indicators help investors to evaluate how EDP Renovaveis stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading EDP Renovaveis shares will generate the highest return on investment. By undertsting and applying EDP Renovaveis stock market strength indicators, traders can identify EDP Renovaveis entry and exit signals to maximize returns.
| Accumulation Distribution | 13189.37 | |||
| Daily Balance Of Power | (1.00) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 12.7 | |||
| Day Typical Price | 12.68 | |||
| Price Action Indicator | (0.16) | |||
| Period Momentum Indicator | (0.22) | |||
| Relative Strength Index | 53.95 |
EDP Renovaveis Risk Indicators
The analysis of EDP Renovaveis' 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 EDP Renovaveis' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting edp 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 | 1.54 | |||
| Standard Deviation | 1.96 | |||
| Variance | 3.86 |
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.
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 EDP Renovaveis 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, EDP Renovaveis' short interest history, or implied volatility extrapolated from EDP Renovaveis options trading.
Pair Trading with EDP Renovaveis
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 EDP Renovaveis 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 EDP Renovaveis will appreciate offsetting losses from the drop in the long position's value.Moving against EDP Stock
| 0.49 | GVOLT | Greenvolt Energias | PairCorr |
The ability to find closely correlated positions to EDP Renovaveis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EDP Renovaveis 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 EDP Renovaveis - 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 EDP Renovaveis to buy it.
The correlation of EDP Renovaveis 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 EDP Renovaveis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EDP Renovaveis 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 EDP Renovaveis 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 EDP Renovaveis to cross-verify your projections. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for EDP Stock analysis
When running EDP Renovaveis' price analysis, check to measure EDP Renovaveis' 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 EDP Renovaveis is operating at the current time. Most of EDP Renovaveis' value examination focuses on studying past and present price action to predict the probability of EDP Renovaveis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EDP Renovaveis' price. Additionally, you may evaluate how the addition of EDP Renovaveis to your portfolios can decrease your overall portfolio volatility.
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