BP PLC Stock Forecast - Price Action Indicator
| BP Stock | USD 38.52 0.60 1.58% |
BP PLC Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast BP PLC stock prices and determine the direction of BP PLC ADR's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of BP PLC's historical fundamentals, such as revenue growth or operating cash flow patterns. Although BP PLC's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of BP PLC's systematic risk associated with finding meaningful patterns of BP PLC fundamentals over time.
Check out Historical Fundamental Analysis of BP PLC to cross-verify your projections. BP PLC |
Open Interest Against 2024-04-26 BP PLC Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast BP PLC'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 BP PLC's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for BP PLC 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 BP PLC's open interest, investors have to compare it to BP PLC'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 BP PLC 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 BP PLC. 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 BP PLC 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 BP PLC's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets BP PLC'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 BP PLC Volatility | Backtest BP PLC | Information Ratio |
BP PLC Trading Date Momentum
| On April 20 2024 BP PLC ADR was traded for 38.52 at the closing time. The highest price during the trading period was 38.56 and the lowest recorded bid was listed for 38.02 . There was no trading activity during the period 0.0. Lack of trading volume on April 20, 2024 did not affect price variability. The overall trading delta to the current price is 1.06% . |
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 BP PLC
For every potential investor in BP PLC, whether a beginner or expert, BP PLC's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. BP PLC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in BP PLC. Basic forecasting techniques help filter out the noise by identifying BP PLC's price trends.BP PLC 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 BP PLC stock to make a market-neutral strategy. Peer analysis of BP PLC could also be used in its relative valuation, which is a method of valuing BP PLC by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
BP PLC ADR 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 BP PLC'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 BP PLC's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
BP PLC Market Strength Events
Market strength indicators help investors to evaluate how BP PLC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BP PLC shares will generate the highest return on investment. By undertsting and applying BP PLC stock market strength indicators, traders can identify BP PLC ADR entry and exit signals to maximize returns.
BP PLC Risk Indicators
The analysis of BP PLC'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 BP PLC's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bp plc 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 | 0.7777 | |||
| Semi Deviation | 0.6346 | |||
| Standard Deviation | 1.17 | |||
| Variance | 1.38 | |||
| Downside Variance | 0.9925 | |||
| Semi Variance | 0.4028 | |||
| Expected Short fall | (0.85) |
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.
Pair Trading with BP PLC
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if BP PLC position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in BP PLC will appreciate offsetting losses from the drop in the long position's value.Moving together with BP PLC Stock
| 0.73 | E | Eni SpA ADR Earnings Call This Week | PairCorr |
| 0.93 | SU | Suncor Energy Financial Report 13th of May 2024 | PairCorr |
Moving against BP PLC Stock
| 0.74 | EP | Empire Petroleum Corp Upward Rally | PairCorr |
| 0.53 | PBR | Petroleo Brasileiro Buyout Trend | PairCorr |
The ability to find closely correlated positions to BP PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BP PLC when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BP PLC - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BP PLC ADR to buy it.
The correlation of BP PLC is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BP PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BP PLC ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for BP PLC can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of BP PLC to cross-verify your projections. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for BP PLC Stock analysis
When running BP PLC's price analysis, check to measure BP PLC'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 BP PLC is operating at the current time. Most of BP PLC's value examination focuses on studying past and present price action to predict the probability of BP PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BP PLC's price. Additionally, you may evaluate how the addition of BP PLC to your portfolios can decrease your overall portfolio volatility.
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Is BP PLC'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 BP PLC. If investors know BP PLC 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 BP PLC 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 (0.96) | Dividend Share 0.284 | Earnings Share 5.15 | Revenue Per Share 18.003 | Quarterly Revenue Growth (0.25) |
The market value of BP PLC ADR is measured differently than its book value, which is the value of BP PLC that is recorded on the company's balance sheet. Investors also form their own opinion of BP PLC's value that differs from its market value or its book value, called intrinsic value, which is BP PLC'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 BP PLC's market value can be influenced by many factors that don't directly affect BP PLC'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 BP PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if BP PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BP PLC'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.