Globe Life Stock Forecast - Price Action Indicator
| GL Stock | USD 66.39 0.35 0.52% |
Globe Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Globe Life stock prices and determine the direction of Globe Life's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Globe Life's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Globe Life's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Globe Life's systematic risk associated with finding meaningful patterns of Globe Life fundamentals over time.
Check out Historical Fundamental Analysis of Globe Life to cross-verify your projections. Globe |
Open Interest Against 2024-05-17 Globe Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Globe Life'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 Globe Life's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Globe Life 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 Globe Life's open interest, investors have to compare it to Globe Life'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 Globe Life 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 Globe. 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 Globe Life 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 Globe Life's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Globe Life'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 |
| 1.3 | (1.92) |
| Check Globe Life Volatility | Backtest Globe Life | Information Ratio |
Globe Life Trading Date Momentum
| On April 22 2024 Globe Life was traded for 66.39 at the closing time. The highest price during the trading period was 69.96 and the lowest recorded bid was listed for 66.32 . The volume for the day was 4.1 M. This history from April 22, 2024 did not cause price change. The overall trading delta to the current price is 2.47% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
| Compare Globe Life to competition |
Other Forecasting Options for Globe Life
For every potential investor in Globe, whether a beginner or expert, Globe Life's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Globe Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Globe. Basic forecasting techniques help filter out the noise by identifying Globe Life's price trends.Globe Life 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 Globe Life stock to make a market-neutral strategy. Peer analysis of Globe Life could also be used in its relative valuation, which is a method of valuing Globe Life by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Globe Life 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 Globe Life'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 Globe Life's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Globe Life Market Strength Events
Market strength indicators help investors to evaluate how Globe Life stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Globe Life shares will generate the highest return on investment. By undertsting and applying Globe Life stock market strength indicators, traders can identify Globe Life entry and exit signals to maximize returns.
| Accumulation Distribution | 213111.0 | |||
| Daily Balance Of Power | (0.1) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 68.14 | |||
| Day Typical Price | 67.56 | |||
| Price Action Indicator | (1.92) | |||
| Period Momentum Indicator | (0.35) |
Globe Life Risk Indicators
The analysis of Globe Life'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 Globe Life's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting globe 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 | 2.34 | |||
| Standard Deviation | 7.26 | |||
| Variance | 52.72 |
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.
Globe Life Investors Sentiment
The influence of Globe Life's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Globe. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Globe Life's public news can be used to forecast risks associated with an investment in Globe. The trend in average sentiment can be used to explain how an investor holding Globe can time the market purely based on public headlines and social activities around Globe Life. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Globe Life's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Globe Life's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Globe Life's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Globe Life.
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 Globe Life 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, Globe Life's short interest history, or implied volatility extrapolated from Globe Life options trading.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Globe Life to cross-verify your projections. For more information on how to buy Globe Stock please use our How to buy in Globe Stock guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Globe Stock analysis
When running Globe Life's price analysis, check to measure Globe Life'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 Globe Life is operating at the current time. Most of Globe Life's value examination focuses on studying past and present price action to predict the probability of Globe Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globe Life's price. Additionally, you may evaluate how the addition of Globe Life to your portfolios can decrease your overall portfolio volatility.
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Is Globe Life'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 Globe Life. If investors know Globe 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 Globe Life 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 0.168 | Dividend Share 0.9 | Earnings Share 10.07 | Revenue Per Share 57.283 | Quarterly Revenue Growth 0.06 |
The market value of Globe Life is measured differently than its book value, which is the value of Globe that is recorded on the company's balance sheet. Investors also form their own opinion of Globe Life's value that differs from its market value or its book value, called intrinsic value, which is Globe Life'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 Globe Life's market value can be influenced by many factors that don't directly affect Globe Life'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 Globe Life's value and its price as these two are different measures arrived at by different means. Investors typically determine if Globe Life is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Globe Life'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.