Major Drilling Stock Forecast - Daily Balance Of Power
| 3MJ Stock | EUR 6.45 0.20 3.20% |
Major Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Major Drilling stock prices and determine the direction of Major Drilling Group's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Major Drilling's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Major Drilling to cross-verify your projections. Major |
Most investors in Major Drilling 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 Major Drilling's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Major Drilling's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Major Drilling Group market sensitivity to bulls and bears. It estimates the ability of Major Drilling buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Major Drilling Balance of Power indicator one can determine a trend of the price direction.| Check Major Drilling Volatility | Backtest Major Drilling | Information Ratio |
Major Drilling Trading Date Momentum
| On May 27 2024 Major Drilling Group was traded for 6.45 at the closing time. The highest daily price throughout the period was 6.45 and the lowest price was 6.45 . The daily volume was 250. The net trading volume on 05/27/2024 did not cause price change. The trading delta at closing time to current closing price is 0.00% . |
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 Major Drilling
For every potential investor in Major, whether a beginner or expert, Major Drilling's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Major Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Major. Basic forecasting techniques help filter out the noise by identifying Major Drilling's price trends.Major Drilling 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 Major Drilling stock to make a market-neutral strategy. Peer analysis of Major Drilling could also be used in its relative valuation, which is a method of valuing Major Drilling by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Major Drilling Group 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 Major Drilling'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 Major Drilling's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Major Drilling Market Strength Events
Market strength indicators help investors to evaluate how Major Drilling stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Major Drilling shares will generate the highest return on investment. By undertsting and applying Major Drilling stock market strength indicators, traders can identify Major Drilling Group entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 6.45 | |||
| Day Typical Price | 6.45 | |||
| Price Action Indicator | 0.1 | |||
| Period Momentum Indicator | 0.2 |
Major Drilling Risk Indicators
The analysis of Major Drilling'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 Major Drilling's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting major 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 | 1.67 | |||
| Semi Deviation | 1.7 | |||
| Standard Deviation | 2.18 | |||
| Variance | 4.77 | |||
| Downside Variance | 5.54 | |||
| Semi Variance | 2.91 | |||
| Expected Short fall | (2.33) |
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.
Currently Active Assets on Macroaxis
Check out Historical Fundamental Analysis of Major Drilling to cross-verify your projections. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for Major Stock analysis
When running Major Drilling's price analysis, check to measure Major Drilling'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 Major Drilling is operating at the current time. Most of Major Drilling's value examination focuses on studying past and present price action to predict the probability of Major Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Major Drilling's price. Additionally, you may evaluate how the addition of Major Drilling to your portfolios can decrease your overall portfolio volatility.
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