Kesko Oyj Stock Forecast - Price Action Indicator
| KESKOB Stock | EUR 16.65 0.33 1.94% |
Kesko Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Kesko Oyj stock prices and determine the direction of Kesko Oyj's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Kesko Oyj's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Kesko Oyj to cross-verify your projections. Kesko |
Most investors in Kesko Oyj 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 Kesko Oyj's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Kesko Oyj'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.| Previous Price Action Indicator | Price Action Indicator | Trend |
| (0.07) | (0.07) |
| Check Kesko Oyj Volatility | Backtest Kesko Oyj | Trend Details |
Kesko Oyj Trading Date Momentum
| On April 17 2024 Kesko Oyj was traded for 16.66 at the closing time. The highest price during the trading period was 17.04 and the lowest recorded bid was listed for 16.57 . The volume for the day was 684.6 K. This history from April 17, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.72% . The trading delta at closing time to the current price is 1.07% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
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Other Forecasting Options for Kesko Oyj
For every potential investor in Kesko, whether a beginner or expert, Kesko Oyj's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Kesko Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Kesko. Basic forecasting techniques help filter out the noise by identifying Kesko Oyj's price trends.Kesko Oyj 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 Kesko Oyj stock to make a market-neutral strategy. Peer analysis of Kesko Oyj could also be used in its relative valuation, which is a method of valuing Kesko Oyj by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Kesko Oyj 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 Kesko Oyj'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 Kesko Oyj's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
Kesko Oyj Market Strength Events
Market strength indicators help investors to evaluate how Kesko Oyj stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Kesko Oyj shares will generate the highest return on investment. By undertsting and applying Kesko Oyj stock market strength indicators, traders can identify Kesko Oyj entry and exit signals to maximize returns.
Kesko Oyj Risk Indicators
The analysis of Kesko Oyj'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 Kesko Oyj's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting kesko 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 | 0.7842 | |||
| Standard Deviation | 1.2 | |||
| Variance | 1.43 |
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.
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 Kesko Oyj to cross-verify your projections. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Kesko Stock analysis
When running Kesko Oyj's price analysis, check to measure Kesko Oyj'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 Kesko Oyj is operating at the current time. Most of Kesko Oyj's value examination focuses on studying past and present price action to predict the probability of Kesko Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kesko Oyj's price. Additionally, you may evaluate how the addition of Kesko Oyj to your portfolios can decrease your overall portfolio volatility.
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