Skillz Platform Stock Forecast - Price Action Indicator
| SKLZ Stock | USD 6.23 0.16 2.64% |
Skillz Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Skillz Platform stock prices and determine the direction of Skillz Platform's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Skillz Platform's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Skillz Platform's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Skillz Platform's systematic risk associated with finding meaningful patterns of Skillz Platform fundamentals over time.
Check out Historical Fundamental Analysis of Skillz Platform to cross-verify your projections. Skillz |
Open Interest Against 2024-05-17 Skillz Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Skillz Platform'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 Skillz Platform's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Skillz Platform 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 Skillz Platform's open interest, investors have to compare it to Skillz Platform'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 Skillz Platform 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 Skillz. 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 Skillz Platform 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 Skillz Platform's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Skillz Platform's 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.| Check Skillz Platform Volatility | Backtest Skillz Platform | Information Ratio |
Skillz Platform Trading Date Momentum
| On April 25 2024 Skillz Platform was traded for 6.23 at the closing time. The top price for the day was 6.37 and the lowest listed price was 6.06 . There was no trading activity during the period 0.0. Lack of trading volume on April 25, 2024 did not result in any price rise and fall. The trading price change against the current closing price is 2.73% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
| Compare Skillz Platform to competition |
Other Forecasting Options for Skillz Platform
For every potential investor in Skillz, whether a beginner or expert, Skillz Platform's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Skillz Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Skillz. Basic forecasting techniques help filter out the noise by identifying Skillz Platform's price trends.Skillz Platform 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 Skillz Platform stock to make a market-neutral strategy. Peer analysis of Skillz Platform could also be used in its relative valuation, which is a method of valuing Skillz Platform by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Skillz Platform 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 Skillz Platform'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 Skillz Platform's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Skillz Platform Market Strength Events
Market strength indicators help investors to evaluate how Skillz Platform stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Skillz Platform shares will generate the highest return on investment. By undertsting and applying Skillz Platform stock market strength indicators, traders can identify Skillz Platform entry and exit signals to maximize returns.
Skillz Platform Risk Indicators
The analysis of Skillz Platform'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 Skillz Platform's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting skillz 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 | 3.16 | |||
| Semi Deviation | 3.44 | |||
| Standard Deviation | 4.2 | |||
| Variance | 17.61 | |||
| Downside Variance | 14.77 | |||
| Semi Variance | 11.83 | |||
| Expected Short fall | (3.46) |
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.
Currently Active Assets on Macroaxis
When determining whether Skillz Platform offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Skillz Platform's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Skillz Platform Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Skillz Platform Stock:Check out Historical Fundamental Analysis of Skillz Platform to cross-verify your projections. For more information on how to buy Skillz Stock please use our How to Invest in Skillz Platform guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Skillz Stock analysis
When running Skillz Platform's price analysis, check to measure Skillz Platform'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 Skillz Platform is operating at the current time. Most of Skillz Platform's value examination focuses on studying past and present price action to predict the probability of Skillz Platform's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skillz Platform's price. Additionally, you may evaluate how the addition of Skillz Platform to your portfolios can decrease your overall portfolio volatility.
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Is Skillz Platform'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 Skillz Platform. If investors know Skillz 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 Skillz Platform 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 30.538 | Earnings Share (10.97) | Revenue Per Share 7.185 | Quarterly Revenue Growth (0.32) | Return On Assets (0.14) |
The market value of Skillz Platform is measured differently than its book value, which is the value of Skillz that is recorded on the company's balance sheet. Investors also form their own opinion of Skillz Platform's value that differs from its market value or its book value, called intrinsic value, which is Skillz Platform'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 Skillz Platform's market value can be influenced by many factors that don't directly affect Skillz Platform'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 Skillz Platform's value and its price as these two are different measures arrived at by different means. Investors typically determine if Skillz Platform is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skillz Platform'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.