PetMed Express Stock Forecast - Price Action Indicator
| PETS Stock | USD 4.11 0.11 2.61% |
PetMed Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast PetMed Express stock prices and determine the direction of PetMed Express's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of PetMed Express' historical fundamentals, such as revenue growth or operating cash flow patterns. Although PetMed Express' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of PetMed Express' systematic risk associated with finding meaningful patterns of PetMed Express fundamentals over time.
Check out Historical Fundamental Analysis of PetMed Express to cross-verify your projections. PetMed |
Open Interest Against 2024-04-19 PetMed Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast PetMed Express' 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 PetMed Express' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for PetMed Express 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 PetMed Express' open interest, investors have to compare it to PetMed Express' 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 PetMed Express 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 PetMed. 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 PetMed Express 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 PetMed Express' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets PetMed Express' 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 |
| (0.11) | (0.10) |
| Check PetMed Express Volatility | Backtest PetMed Express | Information Ratio |
PetMed Express Trading Date Momentum
| On April 19 2024 PetMed Express was traded for 4.11 at the closing time. The top price for the day was 4.25 and the lowest listed price was 4.06 . There was no trading activity during the period 0.0. Lack of trading volume on April 19, 2024 did not cause price change. The trading delta at closing time against the current closing price is 3.16% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
| Compare PetMed Express to competition |
Other Forecasting Options for PetMed Express
For every potential investor in PetMed, whether a beginner or expert, PetMed Express' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. PetMed Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in PetMed. Basic forecasting techniques help filter out the noise by identifying PetMed Express' price trends.PetMed Express 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 PetMed Express stock to make a market-neutral strategy. Peer analysis of PetMed Express could also be used in its relative valuation, which is a method of valuing PetMed Express by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
PetMed Express 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 PetMed Express' 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 PetMed Express' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
PetMed Express Market Strength Events
Market strength indicators help investors to evaluate how PetMed Express stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading PetMed Express shares will generate the highest return on investment. By undertsting and applying PetMed Express stock market strength indicators, traders can identify PetMed Express entry and exit signals to maximize returns.
PetMed Express Risk Indicators
The analysis of PetMed Express' 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 PetMed Express' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting petmed 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 | 1.7 | |||
| Standard Deviation | 2.23 | |||
| Variance | 4.98 |
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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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as PetMed Express using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
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Check out Historical Fundamental Analysis of PetMed Express to cross-verify your projections. For more information on how to buy PetMed Stock please use our How to Invest in PetMed Express guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for PetMed Stock analysis
When running PetMed Express' price analysis, check to measure PetMed Express' 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 PetMed Express is operating at the current time. Most of PetMed Express' value examination focuses on studying past and present price action to predict the probability of PetMed Express' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PetMed Express' price. Additionally, you may evaluate how the addition of PetMed Express to your portfolios can decrease your overall portfolio volatility.
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Is PetMed Express' 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 PetMed Express. If investors know PetMed 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 PetMed Express 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 (0.59) | Dividend Share 0.9 | Earnings Share (0.37) | Revenue Per Share 13.599 | Quarterly Revenue Growth 0.11 |
The market value of PetMed Express is measured differently than its book value, which is the value of PetMed that is recorded on the company's balance sheet. Investors also form their own opinion of PetMed Express' value that differs from its market value or its book value, called intrinsic value, which is PetMed Express' 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 PetMed Express' market value can be influenced by many factors that don't directly affect PetMed Express' 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 PetMed Express' value and its price as these two are different measures arrived at by different means. Investors typically determine if PetMed Express is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PetMed Express' 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.