Zion Oil OTC Stock Forecast - Simple Moving Average

ZNOG Stock  USD 0.08  0.0031  3.88%   
Zion OTC Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Zion Oil stock prices and determine the direction of Zion 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 Zion Oil historical fundamentals such as revenue growth or operating cash flow patterns. Although Zion 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 Zion Oil Gas systematic risk associated with finding meaningful patterns of Zion Oil fundamentals over time.
Check out Historical Fundamental Analysis of Zion Oil to cross-verify your projections.
  
Zion Oil Cash and Equivalents is most likely to decrease significantly in the upcoming years. The last year's value of Cash and Equivalents was reported at 2.22 Million. The current Total Debt is estimated to increase to about 213.5 K, while Trade and Non Trade Payables is projected to decrease to roughly 1.8 M.
Most investors in Zion 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 Zion Oil's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Zion Oil's price structures and extracts relationships that further increase the generated results' accuracy.
A two period moving average forecast for Zion Oil is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility.

Zion Oil Simple Moving Average Price Forecast For the 4th of October

Given 90 days horizon, the Simple Moving Average forecasted value of Zion Oil Gas on the next trading day is expected to be 0.08 with a mean absolute deviation of 0.002426, mean absolute percentage error of 0.00003236, and the sum of the absolute errors of 0.14.
Please note that although there have been many attempts to predict Zion OTC Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Zion Oil's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Zion Oil OTC Stock Forecast Pattern

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Zion Oil Forecasted Value

In the context of forecasting Zion Oil's OTC Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Zion Oil's downside and upside margins for the forecasting period are 0.00083 and 9.30, respectively. We have considered Zion Oil's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value 0.08
0.00083
Downside
0.08
Expected Value
9.30
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Zion Oil otc stock data series using in forecasting. Note that when a statistical model is used to represent Zion Oil otc stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria104.0962
BiasArithmetic mean of the errors -6.0E-4
MADMean absolute deviation0.0024
MAPEMean absolute percentage error0.0345
SAESum of the absolute errors0.1432
The simple moving average model is conceptually a linear regression of the current value of Zion Oil Gas price series against current and previous (unobserved) value of Zion Oil. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting stock prices into the future

Predictive Modules for Zion Oil

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Zion Oil Gas. Regardless of method or technology, however, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Zion Oil's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Zion Oil in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
0.000.089.30
Details
Intrinsic
Valuation
LowRealHigh
0.000.079.29
Details
Bollinger
Band Projection (param)
LowMiddleHigh
0.0498360.070.08
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Zion Oil. Your research has to be compared to or analyzed against Zion Oil's peers to derive any actionable benefits. When done correctly, Zion Oil's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Zion Oil Gas.

Other Forecasting Options for Zion Oil

For every potential investor in Zion, whether a beginner or expert, Zion Oil's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Zion OTC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Zion. Basic forecasting techniques help filter out the noise by identifying Zion Oil's price trends.

Zion 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 Zion Oil otc stock to make a market-neutral strategy. Peer analysis of Zion Oil could also be used in its relative valuation, which is a method of valuing Zion Oil by comparing valuation metrics with similar companies.
Antero Resources CorpEmpire Petroleum CorpPermian ResourcesSandRidge EnergySM EnergyDorchester MineralsVista Oil GasVivakorVital EnergyEpsilon EnergyAmerican AirlinesAlcoa CorpApple IncBest BuyCitigroup
 Risk & Return  Correlation

Zion 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 Zion 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 Zion Oil's current price.

Zion Oil Risk Indicators

The analysis of Zion 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 Zion Oil's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Zion 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.
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.
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 Zion 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, Zion Oil's short interest history, or implied volatility extrapolated from Zion Oil options trading.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Check out Historical Fundamental Analysis of Zion Oil to cross-verify your projections. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Zion OTC Stock analysis

When running Zion Oil's price analysis, check to measure Zion 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 Zion Oil is operating at the current time. Most of Zion Oil's value examination focuses on studying past and present price action to predict the probability of Zion Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zion Oil's price. Additionally, you may evaluate how the addition of Zion Oil to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Zion Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zion Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zion 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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