Harmony Gold Stock Forecast - Price Action Indicator
| HAM Stock | EUR 8.25 0.20 2.37% |
Harmony Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Harmony Gold stock prices and determine the direction of Harmony Gold Mining's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Harmony Gold's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Harmony Gold to cross-verify your projections. Harmony |
Most investors in Harmony Gold 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 Harmony Gold's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Harmony 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.| Previous Price Action Indicator | Price Action Indicator | Trend |
| (0.25) | (0.10) |
| Check Harmony Gold Volatility | Backtest Harmony Gold | Information Ratio |
Harmony Gold Trading Date Momentum
| On May 13 2024 Harmony Gold Mining was traded for 8.25 at the closing time. The highest daily price throughout the period was 8.25 and the lowest price was 8.25 . The daily volume was 1 K. The net trading volume on 05/13/2024 did not cause price change. The trading delta at closing time to current closing price is 0.00% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
| Compare Harmony Gold to competition |
Other Forecasting Options for Harmony Gold
For every potential investor in Harmony, whether a beginner or expert, Harmony Gold's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Harmony Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Harmony. Basic forecasting techniques help filter out the noise by identifying Harmony Gold's price trends.Harmony 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 Harmony Gold stock to make a market-neutral strategy. Peer analysis of Harmony Gold could also be used in its relative valuation, which is a method of valuing Harmony Gold by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Harmony Gold Mining 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 Harmony 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 Harmony Gold's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Harmony Gold Market Strength Events
Market strength indicators help investors to evaluate how Harmony Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Harmony Gold shares will generate the highest return on investment. By undertsting and applying Harmony Gold stock market strength indicators, traders can identify Harmony Gold Mining entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 8.25 | |||
| Day Typical Price | 8.25 | |||
| Price Action Indicator | (0.10) | |||
| Period Momentum Indicator | (0.20) | |||
| Relative Strength Index | 55.74 |
Harmony Gold Risk Indicators
The analysis of Harmony 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 Harmony Gold's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting harmony 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 | 2.67 | |||
| Semi Deviation | 2.16 | |||
| Standard Deviation | 3.28 | |||
| Variance | 10.76 | |||
| Downside Variance | 6.93 | |||
| Semi Variance | 4.69 | |||
| Expected Short fall | (3.63) |
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 Harmony Gold to cross-verify your projections. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Harmony Stock analysis
When running Harmony Gold's price analysis, check to measure Harmony Gold'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 Harmony Gold is operating at the current time. Most of Harmony Gold's value examination focuses on studying past and present price action to predict the probability of Harmony Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harmony Gold's price. Additionally, you may evaluate how the addition of Harmony Gold to your portfolios can decrease your overall portfolio volatility.
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