Canoo Stock Forecast - Accumulation Distribution
GOEV Stock | USD 1.01 0.04 3.81% |
Canoo Stock Forecast is based on your current time horizon.
Canoo |
Open Interest Against 2024-09-27 Canoo Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Canoo'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 Canoo's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Canoo 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 Canoo's open interest, investors have to compare it to Canoo'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 Canoo 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 Canoo. 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.
Previous Accumulation Distribution | Accumulation Distribution | Trend |
561875.0 | 11.5 M |
Check Canoo Volatility | Backtest Canoo | Trend Details |
Canoo Trading Date Momentum
On March 18 2024 Canoo Inc was traded for 2.90 at the closing time. The top price for the day was 3.88 and the lowest listed price was 2.20 . The trading volume for the day was 108.4 M. The trading history from March 18, 2024 was a factor to the next trading day price increase. The overall trading delta against the next closing price was 49.48% . The overall trading delta against the current closing price is 41.24% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
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Other Forecasting Options for Canoo
For every potential investor in Canoo, whether a beginner or expert, Canoo's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Canoo Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Canoo. Basic forecasting techniques help filter out the noise by identifying Canoo's price trends.Canoo 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 Canoo stock to make a market-neutral strategy. Peer analysis of Canoo could also be used in its relative valuation, which is a method of valuing Canoo by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
Canoo Inc 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 Canoo'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 Canoo's current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Canoo Market Strength Events
Market strength indicators help investors to evaluate how Canoo stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canoo shares will generate the highest return on investment. By undertsting and applying Canoo stock market strength indicators, traders can identify Canoo Inc entry and exit signals to maximize returns.
Canoo Risk Indicators
The analysis of Canoo'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 Canoo's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting canoo 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 | 4.58 | |||
Standard Deviation | 6.23 | |||
Variance | 38.76 |
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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Additional Tools for Canoo Stock Analysis
When running Canoo's price analysis, check to measure Canoo'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 Canoo is operating at the current time. Most of Canoo's value examination focuses on studying past and present price action to predict the probability of Canoo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canoo's price. Additionally, you may evaluate how the addition of Canoo to your portfolios can decrease your overall portfolio volatility.