Investors can use this prediction interface to forecast Delta Air historic prices and determine the direction of Delta Air Lines future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of Delta Air historical fundamentals such as revenue growth or operating cash flow patterns. Although naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Delta Air Lines systematic risks associated with finding meaningful patterns of Delta Air fundamentals over time. Additionally see Historical Fundamental Analysis of Delta Air to cross-verify your projections.
On July 22, 2019 Delta Air Lines had Daily Balance Of Power of (0.28). Balance of Power indicator (or BOP) measures the strength of Delta Air Lines market sensitivity to bulls and bears. It estimates the ability of Delta Air buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Delta Air Balance of Power indicator one can determine a trend of the price direction.
On July 23 2019 Delta Air Lines was traded for 63.09 at the closing time. Highest Delta Air's price during the trading hours was 63.11 and the lowest price during the day was 61.27 . The net volume was 7.4 M. The overall trading history on 23 of July contributed to the next trading period price escalation. The overall trading delta to the next next day price was 2.94% . The overall trading delta to current price is 1.13% .
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.