Now Stock Forecast - Relative Strength Index
| DNOW Stock | USD 14.35 0.02 0.14% |
Now Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Now stock prices and determine the direction of Now Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Now's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Now's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Now's systematic risk associated with finding meaningful patterns of Now fundamentals over time.
Check out Historical Fundamental Analysis of Now to cross-verify your projections. Now |
Open Interest Against 2024-06-21 Now Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Now'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 Now's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Now 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 Now's open interest, investors have to compare it to Now'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 Now 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 Now. 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 Now 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 Now's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Now's price structures and extracts relationships that further increase the generated results' accuracy.
| Previous Relative Strength Index | Relative Strength Index | Trend |
| 50.17 | 50.17 |
| Check Now Volatility | Backtest Now | Information Ratio |
Now Trading Date Momentum
| On May 23 2024 Now Inc was traded for 14.35 at the closing time. The top price for the day was 14.52 and the lowest listed price was 14.18 . There was no trading activity during the period 0.0. Lack of trading volume on May 23, 2024 did not cause price change. The trading delta at closing time against the current closing price is 0.42% . |
| Compare Now to competition |
Other Forecasting Options for Now
For every potential investor in Now, whether a beginner or expert, Now's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Now Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Now. Basic forecasting techniques help filter out the noise by identifying Now's price trends.Now 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 Now stock to make a market-neutral strategy. Peer analysis of Now could also be used in its relative valuation, which is a method of valuing Now by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Now Inc 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 Now'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 Now's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Now Market Strength Events
Market strength indicators help investors to evaluate how Now stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Now shares will generate the highest return on investment. By undertsting and applying Now stock market strength indicators, traders can identify Now Inc entry and exit signals to maximize returns.
Now Risk Indicators
The analysis of Now'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 Now's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting now 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 | 1.52 | |||
| Semi Deviation | 2.3 | |||
| Standard Deviation | 2.16 | |||
| Variance | 4.67 | |||
| Downside Variance | 6.09 | |||
| Semi Variance | 5.3 | |||
| Expected Short fall | (1.64) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Now Inc is a strong investment it is important to analyze Now's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Now's future performance. For an informed investment choice regarding Now Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Now to cross-verify your projections. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Now Stock analysis
When running Now's price analysis, check to measure Now'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 Now is operating at the current time. Most of Now's value examination focuses on studying past and present price action to predict the probability of Now's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Now's price. Additionally, you may evaluate how the addition of Now to your portfolios can decrease your overall portfolio volatility.
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Is Now'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 Now. If investors know Now 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 Now 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 (0.32) | Earnings Share 2.15 | Revenue Per Share 21.595 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0612 |
The market value of Now Inc is measured differently than its book value, which is the value of Now that is recorded on the company's balance sheet. Investors also form their own opinion of Now's value that differs from its market value or its book value, called intrinsic value, which is Now'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 Now's market value can be influenced by many factors that don't directly affect Now'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 Now's value and its price as these two are different measures arrived at by different means. Investors typically determine if Now is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Now'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.