Fennec Pharmaceuticals Stock Forecast - Accumulation Distribution
| FENC Stock | USD 6.78 0.07 1.02% |
Fennec Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Fennec Pharmaceuticals stock prices and determine the direction of Fennec Pharmaceuticals's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Fennec Pharmaceuticals' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Fennec Pharmaceuticals' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Fennec Pharmaceuticals' systematic risk associated with finding meaningful patterns of Fennec Pharmaceuticals fundamentals over time.
Check out Historical Fundamental Analysis of Fennec Pharmaceuticals to cross-verify your projections. Fennec |
Open Interest Against 2024-06-21 Fennec Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Fennec Pharmaceuticals' 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 Fennec Pharmaceuticals' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Fennec Pharmaceuticals 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 Fennec Pharmaceuticals' open interest, investors have to compare it to Fennec Pharmaceuticals' 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 Fennec Pharmaceuticals 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 Fennec. 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 Fennec Pharmaceuticals 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 Fennec Pharmaceuticals' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Fennec Pharmaceuticals' price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Fennec Pharmaceuticals is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Fennec Pharmaceuticals to determine if accumulation or reduction is taking place in the market. This value is adjusted by Fennec Pharmaceuticals trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 2408.54 | 6576.95 |
| Check Fennec Pharmaceuticals Volatility | Backtest Fennec Pharmaceuticals | Trend Details |
Fennec Pharmaceuticals Trading Date Momentum
| On April 05 2024 Fennec Pharmaceuticals was traded for 10.69 at the closing time. The top price for the day was 11.07 and the lowest listed price was 10.65 . The trading volume for the day was 103.8 K. The trading history from April 5, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 2.02% . The overall trading delta against the current closing price is 1.65% . |
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 Fennec Pharmaceuticals to competition |
Other Forecasting Options for Fennec Pharmaceuticals
For every potential investor in Fennec, whether a beginner or expert, Fennec Pharmaceuticals' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Fennec Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Fennec. Basic forecasting techniques help filter out the noise by identifying Fennec Pharmaceuticals' price trends.View Fennec Pharmaceuticals Related Equities
| Risk & Return | Correlation |
Fennec Pharmaceuticals 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 Fennec Pharmaceuticals' 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 Fennec Pharmaceuticals' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Fennec Pharmaceuticals Market Strength Events
Market strength indicators help investors to evaluate how Fennec Pharmaceuticals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fennec Pharmaceuticals shares will generate the highest return on investment. By undertsting and applying Fennec Pharmaceuticals stock market strength indicators, traders can identify Fennec Pharmaceuticals entry and exit signals to maximize returns.
Fennec Pharmaceuticals Risk Indicators
The analysis of Fennec Pharmaceuticals' 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 Fennec Pharmaceuticals' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting fennec 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 | 2.33 | |||
| Standard Deviation | 4.19 | |||
| Variance | 17.54 |
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 Fennec Pharmaceuticals offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fennec Pharmaceuticals' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Fennec Pharmaceuticals Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Fennec Pharmaceuticals Stock:Check out Historical Fundamental Analysis of Fennec Pharmaceuticals to cross-verify your projections. For information on how to trade Fennec Stock refer to our How to Trade Fennec Stock guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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When running Fennec Pharmaceuticals' price analysis, check to measure Fennec Pharmaceuticals' 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 Fennec Pharmaceuticals is operating at the current time. Most of Fennec Pharmaceuticals' value examination focuses on studying past and present price action to predict the probability of Fennec Pharmaceuticals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fennec Pharmaceuticals' price. Additionally, you may evaluate how the addition of Fennec Pharmaceuticals to your portfolios can decrease your overall portfolio volatility.
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Is Fennec Pharmaceuticals' 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 Fennec Pharmaceuticals. If investors know Fennec 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 Fennec Pharmaceuticals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.04 | Revenue Per Share 1.684 | Quarterly Revenue Growth 14.132 | Return On Assets 0.0857 | Return On Equity (10.06) |
The market value of Fennec Pharmaceuticals is measured differently than its book value, which is the value of Fennec that is recorded on the company's balance sheet. Investors also form their own opinion of Fennec Pharmaceuticals' value that differs from its market value or its book value, called intrinsic value, which is Fennec Pharmaceuticals' 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 Fennec Pharmaceuticals' market value can be influenced by many factors that don't directly affect Fennec Pharmaceuticals' 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 Fennec Pharmaceuticals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Fennec Pharmaceuticals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fennec Pharmaceuticals' 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.