SPDR Gold Etf Forecast - Price Action Indicator
| GLD Etf | USD 216.62 0.70 0.32% |
SPDR Etf Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast SPDR Gold stock prices and determine the direction of SPDR Gold Shares's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of SPDR Gold's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of SPDR Gold to cross-verify your projections. SPDR |
Open Interest Against 2024-04-26 SPDR Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast SPDR Gold'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 SPDR Gold's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for SPDR Gold 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 SPDR Gold's open interest, investors have to compare it to SPDR Gold'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 SPDR Gold 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 SPDR. 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 SPDR Gold cannot accurately predict what will happen the next trading day because, historically, etf 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 SPDR Gold's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets SPDR Gold's price structures and extracts relationships that further increase the generated results' accuracy.
Price Action indicator evaluates an asset for a given trading period using the following formula: ((close - open) + (close - high) + (close - low)) / 2. This indicator is consistent with the interpretation of Japanese candlestick patterns.| Check SPDR Gold Volatility | Backtest SPDR Gold | Information Ratio |
SPDR Gold Trading Date Momentum
| On April 26 2024 SPDR Gold Shares was traded for 216.62 at the closing time. Highest SPDR Gold's price during the trading hours was 217.07 and the lowest price during the day was 215.53 . The net volume was 6.2 M. The overall trading history on the 26th of April did not result in any price rise and fall. The trading price change to current price is 0.07% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
| Compare SPDR Gold to competition |
Other Forecasting Options for SPDR Gold
For every potential investor in SPDR, whether a beginner or expert, SPDR Gold's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. SPDR Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in SPDR. Basic forecasting techniques help filter out the noise by identifying SPDR Gold's price trends.SPDR Gold 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 SPDR Gold etf to make a market-neutral strategy. Peer analysis of SPDR Gold could also be used in its relative valuation, which is a method of valuing SPDR Gold by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
SPDR Gold Shares Technical and Predictive Analytics
The etf market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of SPDR Gold'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 SPDR Gold's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
SPDR Gold Market Strength Events
Market strength indicators help investors to evaluate how SPDR Gold etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SPDR Gold shares will generate the highest return on investment. By undertsting and applying SPDR Gold etf market strength indicators, traders can identify SPDR Gold Shares entry and exit signals to maximize returns.
| Accumulation Distribution | 43703.93 | |||
| Daily Balance Of Power | 0.4545 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 216.3 | |||
| Day Typical Price | 216.41 | |||
| Price Action Indicator | 0.67 | |||
| Period Momentum Indicator | 0.7 |
SPDR Gold Risk Indicators
The analysis of SPDR Gold'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 SPDR Gold's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting spdr etf 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 | 0.6173 | |||
| Semi Deviation | 0.4828 | |||
| Standard Deviation | 0.8189 | |||
| Variance | 0.6707 | |||
| Downside Variance | 0.6358 | |||
| Semi Variance | 0.2331 | |||
| Expected Short fall | (0.73) |
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.
SPDR Gold Implied Volatility | 8.0 |
SPDR Gold's implied volatility exposes the market's sentiment of SPDR Gold Shares stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if SPDR Gold's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that SPDR Gold stock will not fluctuate a lot when SPDR Gold's options are near their expiration.
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 SPDR Gold 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, SPDR Gold's short interest history, or implied volatility extrapolated from SPDR Gold options trading.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of SPDR Gold to cross-verify your projections. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
The market value of SPDR Gold Shares is measured differently than its book value, which is the value of SPDR that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR Gold's value that differs from its market value or its book value, called intrinsic value, which is SPDR Gold'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 SPDR Gold's market value can be influenced by many factors that don't directly affect SPDR Gold'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 SPDR Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Gold'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.