Penumbra Stock Forecast - Daily Balance Of Power
| PEN Stock | USD 206.15 0.45 0.22% |
Penumbra Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Penumbra stock prices and determine the direction of Penumbra's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Penumbra's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Penumbra's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Penumbra's systematic risk associated with finding meaningful patterns of Penumbra fundamentals over time.
Check out Historical Fundamental Analysis of Penumbra to cross-verify your projections. Penumbra |
Open Interest Against 2024-05-17 Penumbra Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Penumbra'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 Penumbra's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Penumbra 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 Penumbra's open interest, investors have to compare it to Penumbra'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 Penumbra 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 Penumbra. 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 Penumbra 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 Penumbra's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Penumbra's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Penumbra market sensitivity to bulls and bears. It estimates the ability of Penumbra buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Penumbra Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.438 | 0.092 |
| Check Penumbra Volatility | Backtest Penumbra | Information Ratio |
Penumbra Trading Date Momentum
| On April 24 2024 Penumbra was traded for 206.15 at the closing time. Highest Penumbra's price during the trading hours was 209.01 and the lowest price during the day was 204.12 . The net volume was 336.4 K. The overall trading history on the 24th of April did not cause price change. The trading delta at closing time to current price is 0.56% . |
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 Penumbra to competition |
Other Forecasting Options for Penumbra
For every potential investor in Penumbra, whether a beginner or expert, Penumbra's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Penumbra Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Penumbra. Basic forecasting techniques help filter out the noise by identifying Penumbra's price trends.Penumbra 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 Penumbra stock to make a market-neutral strategy. Peer analysis of Penumbra could also be used in its relative valuation, which is a method of valuing Penumbra by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Penumbra 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 Penumbra'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 Penumbra's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Penumbra Market Strength Events
Market strength indicators help investors to evaluate how Penumbra stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Penumbra shares will generate the highest return on investment. By undertsting and applying Penumbra stock market strength indicators, traders can identify Penumbra entry and exit signals to maximize returns.
| Accumulation Distribution | 7869.6 | |||
| Daily Balance Of Power | 0.092 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 206.57 | |||
| Day Typical Price | 206.43 | |||
| Price Action Indicator | (0.19) | |||
| Period Momentum Indicator | 0.45 |
Penumbra Risk Indicators
The analysis of Penumbra'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 Penumbra's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting penumbra 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 | 1.86 | |||
| Standard Deviation | 2.38 | |||
| Variance | 5.69 |
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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Check out Historical Fundamental Analysis of Penumbra to cross-verify your projections. To learn how to invest in Penumbra Stock, please use our How to Invest in Penumbra guide.Note that the Penumbra information on this page should be used as a complementary analysis to other Penumbra's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Penumbra Stock analysis
When running Penumbra's price analysis, check to measure Penumbra'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 Penumbra is operating at the current time. Most of Penumbra's value examination focuses on studying past and present price action to predict the probability of Penumbra's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Penumbra's price. Additionally, you may evaluate how the addition of Penumbra to your portfolios can decrease your overall portfolio volatility.
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Is Penumbra'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 Penumbra. If investors know Penumbra 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 Penumbra 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 12.519 | Earnings Share 2.32 | Revenue Per Share 27.565 | Quarterly Revenue Growth 0.287 | Return On Assets 0.0392 |
The market value of Penumbra is measured differently than its book value, which is the value of Penumbra that is recorded on the company's balance sheet. Investors also form their own opinion of Penumbra's value that differs from its market value or its book value, called intrinsic value, which is Penumbra'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 Penumbra's market value can be influenced by many factors that don't directly affect Penumbra'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 Penumbra's value and its price as these two are different measures arrived at by different means. Investors typically determine if Penumbra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Penumbra'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.