New Hope Stock Forecast - Relative Strength Index

002946 Stock   12.89  0.49  3.95%   
New Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast New Hope stock prices and determine the direction of New Hope Dairy's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of New Hope's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, New Hope's Net Tangible Assets are projected to decrease significantly based on the last few years of reporting. The current year's Retained Earnings is expected to grow to about 1.8 B, whereas Total Assets are forecasted to decline to about 7.2 B.
New Hope Dairy has current Relative Strength Index of 61.18.
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New Hope Trading Date Momentum

On November 27 2024 New Hope Dairy was traded for  12.89  at the closing time. The highest price during the trading period was 12.98  and the lowest recorded bid was listed for  12.38 . There was no trading activity during the period 0.0. Lack of trading volume on November 27, 2024 did not cause price change. The trading delta at closing time to the current price is 3.96% .
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Other Forecasting Options for New Hope

For every potential investor in New, whether a beginner or expert, New Hope's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. New Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in New. Basic forecasting techniques help filter out the noise by identifying New Hope's price trends.

New Hope 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 New Hope stock to make a market-neutral strategy. Peer analysis of New Hope could also be used in its relative valuation, which is a method of valuing New Hope by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

New Hope Dairy 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 New Hope'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 New Hope's current price.

New Hope Market Strength Events

Market strength indicators help investors to evaluate how New Hope stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading New Hope shares will generate the highest return on investment. By undertsting and applying New Hope stock market strength indicators, traders can identify New Hope Dairy entry and exit signals to maximize returns.

New Hope Risk Indicators

The analysis of New Hope'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 New Hope's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting new 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.
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.

Other Information on Investing in New Stock

New Hope financial ratios help investors to determine whether New Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in New with respect to the benefits of owning New Hope security.