Northern Oil Stock Forecast - Day Typical Price

Stocks . USA . 
Stock . Northern Oil Gas
NOG Stock  USD 28.35  0.67  2.42%   
Northern Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Northern Oil historical stock prices and determine the direction of Northern Oil Gas's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Northern Oil historical fundamentals such as revenue growth or operating cash flow patterns. Although Northern Oil naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Northern Oil Gas systematic risk associated with finding meaningful patterns of Northern Oil fundamentals over time.
Check out Historical Fundamental Analysis of Northern Oil to cross-verify your projections. For more detail on how to invest in Northern Stock please use our How to Invest in Northern Oil guide.
  
Northern Oil Accounts Payable Turnover is most likely to increase significantly in the upcoming years. The last year's value of Accounts Payable Turnover was reported at 16.19. The current Accrued Expenses Turnover is estimated to increase to 11.84, while Receivables Turnover is projected to decrease to 5.70. . Northern Oil Weighted Average Shares is most likely to increase significantly in the upcoming years. The last year's value of Weighted Average Shares was reported at 78.56 Million. The current Weighted Average Shares Diluted is estimated to increase to about 93.5 M, while Issuance Purchase of Equity Shares is projected to decrease to (55.9 M).

Open Interest Agains t 2023-04-21 Northern Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Northern Oil'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 Northern Oil's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Northern Oil stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current Northern Oil's open interest, investors have to compare it to Northern Oil'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 Northern Oil 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 Northern. 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.
Northern Oil Gas has current Day Typical Price of 0.
Most investors in Northern Oil 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 Northern Oil's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Northern Oil's price structures and extracts relationships that further increase the generated results' accuracy.
Typical Price is calculated as arithmetic average of the high, low and closing price for a given trading period.
More About Day Typical Price All Equity Analysis
  Previous Day Typical PriceDay Typical PriceTrend
27.910
Check Northern Oil VolatilityBacktest Northern OilInformation Ratio  

Northern Oil Trading Date Momentum

On March 26 2023 Northern Oil Gas was traded for  28.35  at the closing time. Highest Northern Oil's price during the trading hours was 28.47  and the lowest price during the day was  26.92 . There was no trading activity during the period 0.0. Lack of trading volume on the 26th of March did not cause price change. The trading delta at closing time to current price is 4.62% .
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
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Other Forecasting Options for Northern Oil

For every potential investor in Northern, whether a beginner or expert, Northern Oil's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Northern Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Northern. Basic forecasting techniques help filter out the noise by identifying Northern Oil's price trends.
Naive Prediction
Simple Exponential Smoothing
Double Exponential Smoothing
Triple Exponential Smoothing
Simple Regression
Polynomial Regression
Simple Moving Average
4 Period Moving Average
8 Period Moving Average
20 Period Moving Average

Northern Oil 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 Northern Oil stock to make a market-neutral strategy. Peer analysis of Northern Oil could also be used in its relative valuation, which is a method of valuing Northern Oil by comparing valuation metrics with similar companies.
Monster Beverage CorpPepsiCoDiamond Estates WinesCelsius HoldingsSonos IncLianDi Clean TechnologyAcademy Sports OutdoAmerican AirlinesAlcoa CorpApple IncBest BuyCitigroupSentinelOneCVS Health CorpChevron Corp
 Risk & Return  Correlation

Northern Oil Gas 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 Northern Oil'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 Northern Oil's current price.
Cycle Indicators
Math Operators
Math Transform
Momentum Indicators
Overlap Studies
Pattern Recognition
Price Transform
Statistic Functions
Volatility Indicators
Volume Indicators

Northern Oil Risk Indicators

The analysis of Northern Oil's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Northern Oil's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Northern Oil stock price, 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 Deviation2.41
Standard Deviation3.06
Variance9.36
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Northern Oil Investors Sentiment

The influence of Northern Oil'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 Northern. 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 markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Northern Oil's public news can be used to forecast risks associated with investment in Northern. The trend in average sentiment can be used to explain how an investor holding Northern can time the market purely based on public headlines and social activities around Northern Oil Gas. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Northern Oil'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 Northern Oil'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 Northern Oil's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Northern Oil.
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 Northern Oil 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, Northern Oil's short interest history, or implied volatility extrapolated from Northern Oil options trading.

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Check out Historical Fundamental Analysis of Northern Oil to cross-verify your projections. For more detail on how to invest in Northern Stock please use our How to Invest in Northern Oil guide. You can also try Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

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When running Northern Oil Gas price analysis, check to measure Northern Oil'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 Northern Oil is operating at the current time. Most of Northern Oil's value examination focuses on studying past and present price action to predict the probability of Northern Oil's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Northern Oil's price. Additionally, you may evaluate how the addition of Northern Oil to your portfolios can decrease your overall portfolio volatility.
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Is Northern Oil'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 Northern Oil. If investors know Northern 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 Northern Oil 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
(0.22) 
Dividend Share
0.88
Earnings Share
9.14
Revenue Per Share
23.265
Quarterly Revenue Growth
0.328
The market value of Northern Oil Gas is measured differently than its book value, which is the value of Northern that is recorded on the company's balance sheet. Investors also form their own opinion of Northern Oil's value that differs from its market value or its book value, called intrinsic value, which is Northern Oil'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 Northern Oil's market value can be influenced by many factors that don't directly affect Northern Oil's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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Please note, there is a significant difference between Northern Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine Northern Oil value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Oil'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.
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