MRC Global Stock Forecast - Daily Balance Of Power
| MRC Stock | USD 11.95 0.13 1.08% |
MRC Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast MRC Global stock prices and determine the direction of MRC Global's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of MRC Global's historical fundamentals, such as revenue growth or operating cash flow patterns. Although MRC Global's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of MRC Global's systematic risk associated with finding meaningful patterns of MRC Global fundamentals over time.
Check out Historical Fundamental Analysis of MRC Global to cross-verify your projections. MRC |
Open Interest Against 2024-04-19 MRC Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast MRC Global'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 MRC Global's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for MRC Global 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 MRC Global's open interest, investors have to compare it to MRC Global'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 MRC Global 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 MRC. 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 MRC Global 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 MRC Global's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets MRC Global's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of MRC Global market sensitivity to bulls and bears. It estimates the ability of MRC Global buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring MRC Global Balance of Power indicator one can determine a trend of the price direction.| Check MRC Global Volatility | Backtest MRC Global | Information Ratio |
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.
| Compare MRC Global to competition |
Other Forecasting Options for MRC Global
For every potential investor in MRC, whether a beginner or expert, MRC Global's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. MRC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in MRC. Basic forecasting techniques help filter out the noise by identifying MRC Global's price trends.MRC Global 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 MRC Global stock to make a market-neutral strategy. Peer analysis of MRC Global could also be used in its relative valuation, which is a method of valuing MRC Global by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
MRC Global 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 MRC Global'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 MRC Global's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
MRC Global Market Strength Events
Market strength indicators help investors to evaluate how MRC Global stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MRC Global shares will generate the highest return on investment. By undertsting and applying MRC Global stock market strength indicators, traders can identify MRC Global entry and exit signals to maximize returns.
| Accumulation Distribution | 14426.7 | |||
| Daily Balance Of Power | (0.39) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 12.11 | |||
| Day Typical Price | 12.05 | |||
| Price Action Indicator | (0.22) | |||
| Period Momentum Indicator | (0.13) | |||
| Relative Strength Index | 63.02 |
MRC Global Risk Indicators
The analysis of MRC Global'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 MRC Global's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mrc 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 | 1.26 | |||
| Semi Deviation | 1.18 | |||
| Standard Deviation | 2.17 | |||
| Variance | 4.72 | |||
| Downside Variance | 2.08 | |||
| Semi Variance | 1.4 | |||
| Expected Short fall | (1.56) |
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.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of MRC Global to cross-verify your projections. For information on how to trade MRC Stock refer to our How to Trade MRC Stock guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for MRC Stock analysis
When running MRC Global's price analysis, check to measure MRC Global'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 MRC Global is operating at the current time. Most of MRC Global's value examination focuses on studying past and present price action to predict the probability of MRC Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MRC Global's price. Additionally, you may evaluate how the addition of MRC Global to your portfolios can decrease your overall portfolio volatility.
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Is MRC Global'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 MRC Global. If investors know MRC 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 MRC Global 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 (0.05) | Earnings Share 1.05 | Revenue Per Share 40.523 | Quarterly Revenue Growth (0.12) | Return On Assets 0.0618 |
The market value of MRC Global is measured differently than its book value, which is the value of MRC that is recorded on the company's balance sheet. Investors also form their own opinion of MRC Global's value that differs from its market value or its book value, called intrinsic value, which is MRC Global'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 MRC Global's market value can be influenced by many factors that don't directly affect MRC Global'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 MRC Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if MRC Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MRC Global'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.