Companhia Energtica Stock Forecast - Price Action Indicator

CMIG3 Stock  BRL 14.81  0.09  0.60%   
Companhia Stock Forecast is based on your current time horizon.
  
Companhia Energtica de has current Price Action Indicator of (0.10). Price Action indicator evaluates an asset for a given trading period using the following formula: ((close - open) + (close - high) + (close - low)) / 2. This indicator is consistent with the interpretation of Japanese candlestick patterns.
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Companhia Energtica Trading Date Momentum

On November 21 2024 Companhia Energtica de was traded for  14.81  at the closing time. The highest price during the trading period was 15.10  and the lowest recorded bid was listed for  14.64 . The volume for the day was 184.9 K. This history from November 21, 2024 did not affect price variability. The overall trading delta to the current price is 0.61% .
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
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Other Forecasting Options for Companhia Energtica

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

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

Companhia Energtica 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 Companhia Energtica'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 Companhia Energtica's current price.

Companhia Energtica Market Strength Events

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

Companhia Energtica Risk Indicators

The analysis of Companhia Energtica'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 Companhia Energtica's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting companhia 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.

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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.

Additional Tools for Companhia Stock Analysis

When running Companhia Energtica's price analysis, check to measure Companhia Energtica'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 Companhia Energtica is operating at the current time. Most of Companhia Energtica's value examination focuses on studying past and present price action to predict the probability of Companhia Energtica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Companhia Energtica's price. Additionally, you may evaluate how the addition of Companhia Energtica to your portfolios can decrease your overall portfolio volatility.