Energean Oil Stock Forward View
| ENOG Stock | 3,660 40.00 1.08% |
Energean Stock outlook is based on your current time horizon. Investors can use this forecasting interface to forecast Energean Oil stock prices and determine the direction of Energean Oil Gas's future trends based on various well-known forecasting models. We suggest always using this module together with an analysis of Energean Oil's historical fundamentals, such as revenue growth or operating cash flow patterns.
At this time the value of rsi of Energean Oil's share price is below 20 suggesting that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using Energean Oil hype-based prediction, you can estimate the value of Energean Oil Gas from the perspective of Energean Oil response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Energean Oil Gas on the next trading day is expected to be 3,614 with a mean absolute deviation of 55.47 and the sum of the absolute errors of 3,383. Energean Oil after-hype prediction price | ILA 3660.0 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Energean |
Energean Oil Additional Predictive Modules
Most predictive techniques to examine Energean price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Energean using various technical indicators. When you analyze Energean charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Energean Oil Naive Prediction Price Forecast For the 8th of February
Given 90 days horizon, the Naive Prediction forecasted value of Energean Oil Gas on the next trading day is expected to be 3,614 with a mean absolute deviation of 55.47, mean absolute percentage error of 5,091, and the sum of the absolute errors of 3,383.Please note that although there have been many attempts to predict Energean Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Energean Oil's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Energean Oil Stock Forecast Pattern
| Backtest Energean Oil | Energean Oil Price Prediction | Research Analysis |
Energean Oil Forecasted Value
In the context of forecasting Energean Oil's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Energean Oil's downside and upside margins for the forecasting period are 3,612 and 3,616, respectively. We have considered Energean Oil's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Energean Oil stock data series using in forecasting. Note that when a statistical model is used to represent Energean Oil stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 126.6456 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 55.4656 |
| MAPE | Mean absolute percentage error | 0.014 |
| SAE | Sum of the absolute errors | 3383.3996 |
Predictive Modules for Energean Oil
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Energean Oil Gas. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Energean Oil After-Hype Price Density Analysis
As far as predicting the price of Energean Oil at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Energean Oil or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Energean Oil, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Energean Oil Estimiated After-Hype Price Volatility
In the context of predicting Energean Oil's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Energean Oil's historical news coverage. Energean Oil's after-hype downside and upside margins for the prediction period are 3,658 and 3,662, respectively. We have considered Energean Oil's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Energean Oil is very steady at this time. Analysis and calculation of next after-hype price of Energean Oil Gas is based on 3 months time horizon.
Energean Oil Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Energean Oil is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Energean Oil backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Energean Oil, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.28 | 1.61 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | In a few days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
3,660 | 3,660 | 0.00 |
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Energean Oil Hype Timeline
Energean Oil Gas is currently traded for 3,660on Tel Aviv Stock Exchange of Israel. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Energean is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is currently at -0.28%. %. The volatility of related hype on Energean Oil is about 0.0%, with the expected price after the next announcement by competition of 3,660. About 25.0% of the company shares are held by company insiders. The book value of Energean Oil was currently reported as 4.57. The company last dividend was issued on the 11th of December 2022. Assuming the 90 days trading horizon the next forecasted press release will be in a few days. Check out Historical Fundamental Analysis of Energean Oil to cross-verify your projections.Energean Oil Related Hype Analysis
Having access to credible news sources related to Energean Oil's direct competition is more important than ever and may enhance your ability to predict Energean Oil's future price movements. Getting to know how Energean Oil's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Energean Oil may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| ISRA | Isramco Negev 2 | 0.00 | 0 per month | 0.00 | (0.05) | 3.53 | (3.26) | 11.01 | |
| LAPD | Lapidoth | 0.00 | 0 per month | 1.31 | 0.08 | 3.18 | (2.37) | 10.90 | |
| RATI | Ratio Oil Explorations | 0.00 | 0 per month | 1.64 | 0 | 3.01 | (2.76) | 6.90 | |
| EQTL | Equital | 0.00 | 0 per month | 1.70 | (0.02) | 3.40 | (2.84) | 9.48 | |
| TMRP | Tamar Petroleum | 0.00 | 0 per month | 0.00 | (0.14) | 3.01 | (4.08) | 12.27 | |
| NFTA | Naphtha | 0.00 | 0 per month | 1.32 | (0.03) | 2.15 | (2.27) | 6.78 | |
| NVPT | Navitas Petroleum Limited | 0.00 | 0 per month | 2.10 | 0.04 | 3.40 | (3.42) | 9.95 | |
| DLEKG | Delek Group | 0.00 | 0 per month | 1.65 | 0.09 | 2.54 | (2.92) | 8.37 | |
| DRAL | Dor Alon | 0.00 | 0 per month | 1.27 | 0.10 | 2.75 | (2.02) | 9.73 | |
| ORL | Oil Refineries | 0.00 | 0 per month | 1.30 | 0.08 | 3.86 | (2.68) | 8.25 |
Other Forecasting Options for Energean Oil
For every potential investor in Energean, whether a beginner or expert, Energean Oil's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Energean Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Energean. Basic forecasting techniques help filter out the noise by identifying Energean Oil's price trends.Energean Oil 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 Energean Oil stock to make a market-neutral strategy. Peer analysis of Energean Oil could also be used in its relative valuation, which is a method of valuing Energean Oil by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Energean Oil Market Strength Events
Market strength indicators help investors to evaluate how Energean Oil stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Energean Oil shares will generate the highest return on investment. By undertsting and applying Energean Oil stock market strength indicators, traders can identify Energean Oil Gas entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0193 | |||
| Daily Balance Of Power | (0.56) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 3689.0 | |||
| Day Typical Price | 3679.33 | |||
| Market Facilitation Index | 72.0 | |||
| Price Action Indicator | (49.00) | |||
| Period Momentum Indicator | (40.00) |
Energean Oil Risk Indicators
The analysis of Energean Oil'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 Energean Oil's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting energean 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 | 1.43 | |||
| Standard Deviation | 1.94 | |||
| Variance | 3.78 |
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.
Story Coverage note for Energean Oil
The number of cover stories for Energean Oil depends on current market conditions and Energean Oil's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Energean Oil is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Energean Oil's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Other Information on Investing in Energean Stock
Energean Oil financial ratios help investors to determine whether Energean 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 Energean with respect to the benefits of owning Energean Oil security.