ESSA Bancorp Stock Forecast - Period Momentum Indicator
| ESSA Stock | USD 17.72 0.11 0.62% |
ESSA Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ESSA Bancorp stock prices and determine the direction of ESSA Bancorp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ESSA Bancorp's historical fundamentals, such as revenue growth or operating cash flow patterns. Although ESSA Bancorp's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of ESSA Bancorp's systematic risk associated with finding meaningful patterns of ESSA Bancorp fundamentals over time.
Check out Historical Fundamental Analysis of ESSA Bancorp to cross-verify your projections. ESSA |
Open Interest Against 2024-06-21 ESSA Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast ESSA Bancorp'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 ESSA Bancorp's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for ESSA Bancorp 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 ESSA Bancorp's open interest, investors have to compare it to ESSA Bancorp'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 ESSA Bancorp 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 ESSA. 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 ESSA Bancorp 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 ESSA Bancorp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ESSA Bancorp's price structures and extracts relationships that further increase the generated results' accuracy.
Momentum indicator evaluates the difference between todays closing price and the close price n periods ago. It is the velocity with which the price is rising or falling. It also reflects how aggressively the asset is purchased or sold by the public.| Check ESSA Bancorp Volatility | Backtest ESSA Bancorp | Trend Details |
ESSA Bancorp Trading Date Momentum
| On April 25 2024 ESSA Bancorp was traded for 16.27 at the closing time. The top price for the day was 16.90 and the lowest listed price was 15.29 . The trading volume for the day was 14.1 K. The trading history from April 25, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 3.44% . The overall trading delta against the current closing price is 2.08% . |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
| Compare ESSA Bancorp to competition |
Other Forecasting Options for ESSA Bancorp
For every potential investor in ESSA, whether a beginner or expert, ESSA Bancorp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ESSA Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ESSA. Basic forecasting techniques help filter out the noise by identifying ESSA Bancorp's price trends.ESSA Bancorp 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 ESSA Bancorp stock to make a market-neutral strategy. Peer analysis of ESSA Bancorp could also be used in its relative valuation, which is a method of valuing ESSA Bancorp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ESSA Bancorp 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 ESSA Bancorp'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 ESSA Bancorp's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ESSA Bancorp Market Strength Events
Market strength indicators help investors to evaluate how ESSA Bancorp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ESSA Bancorp shares will generate the highest return on investment. By undertsting and applying ESSA Bancorp stock market strength indicators, traders can identify ESSA Bancorp entry and exit signals to maximize returns.
ESSA Bancorp Risk Indicators
The analysis of ESSA Bancorp'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 ESSA Bancorp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting essa 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 | 1.94 | |||
| Semi Deviation | 2.51 | |||
| Standard Deviation | 2.56 | |||
| Variance | 6.54 | |||
| Downside Variance | 6.79 | |||
| Semi Variance | 6.28 | |||
| Expected Short fall | (1.88) |
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.| MSFT | Microsoft | |
| GM | General Motors | |
| CRM | Salesforce |
Check out Historical Fundamental Analysis of ESSA Bancorp to cross-verify your projections. For information on how to trade ESSA Stock refer to our How to Trade ESSA Stock guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for ESSA Stock analysis
When running ESSA Bancorp's price analysis, check to measure ESSA Bancorp'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 ESSA Bancorp is operating at the current time. Most of ESSA Bancorp's value examination focuses on studying past and present price action to predict the probability of ESSA Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ESSA Bancorp's price. Additionally, you may evaluate how the addition of ESSA Bancorp to your portfolios can decrease your overall portfolio volatility.
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Is ESSA Bancorp'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 ESSA Bancorp. If investors know ESSA 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 ESSA Bancorp 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) | Dividend Share 0.6 | Earnings Share 1.86 | Revenue Per Share 7.131 | Quarterly Revenue Growth 0.019 |
The market value of ESSA Bancorp is measured differently than its book value, which is the value of ESSA that is recorded on the company's balance sheet. Investors also form their own opinion of ESSA Bancorp's value that differs from its market value or its book value, called intrinsic value, which is ESSA Bancorp'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 ESSA Bancorp's market value can be influenced by many factors that don't directly affect ESSA Bancorp'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 ESSA Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ESSA Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESSA Bancorp'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.