SunPower Stock Forecast - Daily Balance Of Power
SPWR Stock | USD 1.96 0.18 8.41% |
SunPower Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast SunPower stock prices and determine the direction of SunPower's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of SunPower's historical fundamentals, such as revenue growth or operating cash flow patterns. Although SunPower's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of SunPower's systematic risk associated with finding meaningful patterns of SunPower fundamentals over time.
Check out Historical Fundamental Analysis of SunPower to cross-verify your projections. SunPower |
Open Interest Against 2024-04-26 SunPower Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast SunPower'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 SunPower's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for SunPower 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 SunPower's open interest, investors have to compare it to SunPower'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 SunPower 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 SunPower. 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 SunPower 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 SunPower's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets SunPower's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of SunPower market sensitivity to bulls and bears. It estimates the ability of SunPower buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring SunPower Balance of Power indicator one can determine a trend of the price direction.Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
(0.92) | (0.33) |
Check SunPower Volatility | Backtest SunPower | Information Ratio |
SunPower Trading Date Momentum
On April 23 2024 SunPower was traded for 1.96 at the closing time. The top price for the day was 2.31 and the lowest listed price was 1.77 . The trading volume for the day was 11 M. The trading history from April 23, 2024 did not result in any price rise and fall. The trading price change against the current closing price is 8.67% . |
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 SunPower to competition |
Other Forecasting Options for SunPower
For every potential investor in SunPower, whether a beginner or expert, SunPower's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. SunPower Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in SunPower. Basic forecasting techniques help filter out the noise by identifying SunPower's price trends.SunPower 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 SunPower stock to make a market-neutral strategy. Peer analysis of SunPower could also be used in its relative valuation, which is a method of valuing SunPower by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
SunPower 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 SunPower'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 SunPower's current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
SunPower Market Strength Events
Market strength indicators help investors to evaluate how SunPower stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SunPower shares will generate the highest return on investment. By undertsting and applying SunPower stock market strength indicators, traders can identify SunPower entry and exit signals to maximize returns.
Accumulation Distribution | 2.6 M | |||
Daily Balance Of Power | (0.33) | |||
Rate Of Daily Change | 0.92 | |||
Day Median Price | 2.04 | |||
Day Typical Price | 2.01 | |||
Price Action Indicator | (0.17) | |||
Period Momentum Indicator | (0.18) |
SunPower Risk Indicators
The analysis of SunPower'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 SunPower's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sunpower 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 | 5.03 | |||
Standard Deviation | 6.82 | |||
Variance | 46.48 |
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.
SunPower Investors Sentiment
The influence of SunPower'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 SunPower. 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 market does not have solid backing from leading economists and market statisticians.
Investor biases related to SunPower's public news can be used to forecast risks associated with an investment in SunPower. The trend in average sentiment can be used to explain how an investor holding SunPower can time the market purely based on public headlines and social activities around SunPower. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
SunPower'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 SunPower'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 SunPower's news discussions. The higher the estimated score, the more favorable is the investor's outlook on SunPower.
SunPower Implied Volatility | 181.71 |
SunPower's implied volatility exposes the market's sentiment of SunPower stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if SunPower's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that SunPower stock will not fluctuate a lot when SunPower's options are near their expiration.
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 SunPower 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, SunPower's short interest history, or implied volatility extrapolated from SunPower options trading.
Currently Active Assets on Macroaxis
When determining whether SunPower is a strong investment it is important to analyze SunPower's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SunPower's future performance. For an informed investment choice regarding SunPower Stock, refer to the following important reports:Check out Historical Fundamental Analysis of SunPower to cross-verify your projections. To learn how to invest in SunPower Stock, please use our How to Invest in SunPower 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 SunPower Stock analysis
When running SunPower's price analysis, check to measure SunPower'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 SunPower is operating at the current time. Most of SunPower's value examination focuses on studying past and present price action to predict the probability of SunPower's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SunPower's price. Additionally, you may evaluate how the addition of SunPower to your portfolios can decrease your overall portfolio volatility.
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios |
Is SunPower'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 SunPower. If investors know SunPower 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 SunPower 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 (0.63) | Earnings Share (1.30) | Revenue Per Share 9.628 | Quarterly Revenue Growth (0.28) | Return On Assets (0.07) |
The market value of SunPower is measured differently than its book value, which is the value of SunPower that is recorded on the company's balance sheet. Investors also form their own opinion of SunPower's value that differs from its market value or its book value, called intrinsic value, which is SunPower'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 SunPower's market value can be influenced by many factors that don't directly affect SunPower'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 SunPower's value and its price as these two are different measures arrived at by different means. Investors typically determine if SunPower is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SunPower'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.