Red Rock Stock Forecast - Accumulation Distribution
| RRR Stock | USD 51.15 0.11 0.21% |
Red Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Red Rock stock prices and determine the direction of Red Rock Resorts's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Red Rock's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Red Rock's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Red Rock's systematic risk associated with finding meaningful patterns of Red Rock fundamentals over time.
Check out Historical Fundamental Analysis of Red Rock to cross-verify your projections. Red |
Open Interest Against 2024-06-21 Red Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Red Rock'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 Red Rock's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Red Rock 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 Red Rock's open interest, investors have to compare it to Red Rock'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 Red Rock 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 Red. 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 Red Rock 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 Red Rock's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Red Rock's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Red Rock is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Red Rock Resorts to determine if accumulation or reduction is taking place in the market. This value is adjusted by Red Rock trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 4927.57 | 6946.93 |
| Check Red Rock Volatility | Backtest Red Rock | Information Ratio |
Red Rock Trading Date Momentum
| On May 21 2024 Red Rock Resorts was traded for 51.15 at the closing time. Highest Red Rock's price during the trading hours was 51.48 and the lowest price during the day was 50.63 . The net volume was 420.7 K. The overall trading history on the 21st of May did not cause price change. The trading delta at closing time to current price is 0.14% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare Red Rock to competition |
Other Forecasting Options for Red Rock
For every potential investor in Red, whether a beginner or expert, Red Rock's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Red Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Red. Basic forecasting techniques help filter out the noise by identifying Red Rock's price trends.Red Rock 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 Red Rock stock to make a market-neutral strategy. Peer analysis of Red Rock could also be used in its relative valuation, which is a method of valuing Red Rock by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Red Rock Resorts 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 Red Rock'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 Red Rock's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Red Rock Market Strength Events
Market strength indicators help investors to evaluate how Red Rock stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Red Rock shares will generate the highest return on investment. By undertsting and applying Red Rock stock market strength indicators, traders can identify Red Rock Resorts entry and exit signals to maximize returns.
| Accumulation Distribution | 6946.93 | |||
| Daily Balance Of Power | (0.13) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 51.06 | |||
| Day Typical Price | 51.09 | |||
| Price Action Indicator | 0.04 | |||
| Period Momentum Indicator | (0.11) |
Red Rock Risk Indicators
The analysis of Red Rock'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 Red Rock's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting red 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 | 1.49 | |||
| Standard Deviation | 2.17 | |||
| Variance | 4.7 |
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 Red Rock to cross-verify your projections. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Red Stock analysis
When running Red Rock's price analysis, check to measure Red Rock'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 Red Rock is operating at the current time. Most of Red Rock's value examination focuses on studying past and present price action to predict the probability of Red Rock's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Red Rock's price. Additionally, you may evaluate how the addition of Red Rock to your portfolios can decrease your overall portfolio volatility.
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| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities |
Is Red Rock'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 Red Rock. If investors know Red 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 Red Rock 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 (0.08) | Dividend Share 1 | Earnings Share 2.87 | Revenue Per Share 30.595 | Quarterly Revenue Growth 0.127 |
The market value of Red Rock Resorts is measured differently than its book value, which is the value of Red that is recorded on the company's balance sheet. Investors also form their own opinion of Red Rock's value that differs from its market value or its book value, called intrinsic value, which is Red Rock'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 Red Rock's market value can be influenced by many factors that don't directly affect Red Rock'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 Red Rock's value and its price as these two are different measures arrived at by different means. Investors typically determine if Red Rock is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Red Rock'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.