Bazan Oil Stock Forecast - Daily Balance Of Power

ORL Stock  ILS 138.80  3.70  2.74%   
Bazan Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Bazan Oil stock prices and determine the direction of Bazan Oil Refineries's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Bazan Oil historical fundamentals such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Bazan Oil to cross-verify your projections.
  
Bazan Oil Refineries has current Daily Balance Of Power of 1.15625.
Most investors in Bazan Oil 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 Bazan Oil's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Bazan Oil's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Bazan Oil Refineries market sensitivity to bulls and bears. It estimates the ability of Bazan Oil buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Bazan Oil Balance of Power indicator one can determine a trend of the price direction.
Check Bazan Oil VolatilityBacktest Bazan OilInformation Ratio  

Bazan Oil Trading Date Momentum

On March 18 2024 Bazan Oil Refineries was traded for  138.80  at the closing time. The maximum traded price for the trading interval was 141.40  and the lowest daily price was  138.20 . The daily volume was recorded at 23.4 M. The volume of trading on 18th of March 2024 did not affect price variability. The overall trading delta to the closing price today is 0.72% .
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.
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Other Forecasting Options for Bazan Oil

For every potential investor in Bazan, whether a beginner or expert, Bazan Oil's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Bazan Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Bazan. Basic forecasting techniques help filter out the noise by identifying Bazan Oil's price trends.

Bazan Oil 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 Bazan Oil stock to make a market-neutral strategy. Peer analysis of Bazan Oil could also be used in its relative valuation, which is a method of valuing Bazan Oil by comparing valuation metrics with similar companies.
Bank Leumi Le-IsraelMizrahi TefahotIsrael Discount BankMigdal InsuranceFIBI HoldingsFirst International BankClal Insurance EnterPhoenix HoldingsHarel Insurance InveMenora Miv HldAmerican AirlinesAlcoa CorpApple IncBest BuyCitigroup
 Risk & Return  Correlation

Bazan Oil Refineries 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 Bazan Oil'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 Bazan Oil's current price.

Bazan Oil Market Strength Events

Market strength indicators help investors to evaluate how Bazan Oil stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bazan Oil shares will generate the highest return on investment. By undertsting and applying Bazan Oil stock market strength indicators, traders can identify Bazan Oil Refineries entry and exit signals to maximize returns.

Bazan Oil Risk Indicators

The analysis of Bazan Oil's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Bazan Oil's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Bazan Oil stock price, 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.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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 Bazan Oil 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, Bazan Oil's short interest history, or implied volatility extrapolated from Bazan Oil options trading.

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Check out Historical Fundamental Analysis of Bazan Oil to cross-verify your projections.
You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

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When running Bazan Oil's price analysis, check to measure Bazan Oil'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 Bazan Oil is operating at the current time. Most of Bazan Oil's value examination focuses on studying past and present price action to predict the probability of Bazan Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bazan Oil's price. Additionally, you may evaluate how the addition of Bazan Oil to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Bazan Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bazan Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bazan Oil'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.