Investors can use this prediction interface to forecast LINE historic prices and determine the direction of LINE Corporation 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 LINE 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 LINE Corporation systematic risks associated with finding meaningful patterns of LINE fundamentals over time. Please see also Historical Fundamental Analysis of LINE to cross-verify your projections.
On September 17, 2019 LINE Corporation had Daily Balance Of Power of (0.003876). Balance of Power indicator (or BOP) measures the strength of LINE Corporation market sensitivity to bulls and bears. It estimates the ability of LINE buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring LINE Balance of Power indicator one can determine a trend of the price direction.
On September 18 2019 LINE Corporation was traded for 38.13 at the closing time. The highest price during the trading period was 38.24 and the lowest recorded bid was listed for 37.83 . The volume for the day was 30.7 K. This history from September 18, 2019 contributed to the next trading day price increase. The trading delta at closing time to the next closing price was 0.55% . The trading delta at closing time to the current price is 1.37% .
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.