Nice Stock Forecast - Daily Balance Of Power
| NICE Stock | USD 193.55 5.05 2.54% |
Nice Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Nice stock prices and determine the direction of Nice Ltd ADR's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Nice's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Nice to cross-verify your projections. Nice |
Most investors in Nice 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 Nice's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Nice's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Nice Ltd ADR market sensitivity to bulls and bears. It estimates the ability of Nice buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Nice Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.21) | 0.4307 |
| Check Nice Volatility | Backtest Nice | Trend Details |
Nice Trading Date Momentum
| On February 21 2024 Nice Ltd ADR was traded for 225.89 at the closing time. The top price for the day was 227.12 and the lowest listed price was 223.66 . The trading volume for the day was 738.9 K. The trading history from February 21, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.10% . The trading delta at closing time against the current closing price is 3.84% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Nice
For every potential investor in Nice, whether a beginner or expert, Nice's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nice Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nice. Basic forecasting techniques help filter out the noise by identifying Nice's price trends.Nice 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 Nice stock to make a market-neutral strategy. Peer analysis of Nice could also be used in its relative valuation, which is a method of valuing Nice by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Nice Ltd ADR 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 Nice'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 Nice's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Nice Market Strength Events
Market strength indicators help investors to evaluate how Nice stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nice shares will generate the highest return on investment. By undertsting and applying Nice stock market strength indicators, traders can identify Nice Ltd ADR entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0539 | |||
| Daily Balance Of Power | (0.46) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 197.5 | |||
| Day Typical Price | 196.18 | |||
| Market Facilitation Index | 10.93 | |||
| Price Action Indicator | (6.47) | |||
| Period Momentum Indicator | (5.05) | |||
| Relative Strength Index | 28.47 |
Nice Risk Indicators
The analysis of Nice'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 Nice's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nice 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 | 1.4 | |||
| Standard Deviation | 2.41 | |||
| Variance | 5.82 |
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 Nice Ltd ADR is a strong investment it is important to analyze Nice's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nice's future performance. For an informed investment choice regarding Nice Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Nice to cross-verify your projections. Note that the Nice Ltd ADR information on this page should be used as a complementary analysis to other Nice's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. 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 Nice Stock analysis
When running Nice's price analysis, check to measure Nice'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 Nice is operating at the current time. Most of Nice's value examination focuses on studying past and present price action to predict the probability of Nice's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nice's price. Additionally, you may evaluate how the addition of Nice to your portfolios can decrease your overall portfolio volatility.
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Is Nice'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 Nice. If investors know Nice 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 Nice listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Nice Ltd ADR is measured differently than its book value, which is the value of Nice that is recorded on the company's balance sheet. Investors also form their own opinion of Nice's value that differs from its market value or its book value, called intrinsic value, which is Nice'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 Nice's market value can be influenced by many factors that don't directly affect Nice'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 Nice's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nice is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nice'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.