Evonik Stock Forecast is based on your current time horizon.
Evonik
Evonik Industries AG has current Daily Balance Of Power of 0.8627. Balance of Power indicator (or BOP) measures the strength of Evonik Industries AG market sensitivity to bulls and bears. It estimates the ability of Evonik Industries buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Evonik Industries Balance of Power indicator one can determine a trend of the price direction.
On January 20 2025 Evonik Industries AG was traded for 17.68 at the closing time. The highest price during the trading period was 17.68 and the lowest recorded bid was listed for 17.17 . The volume for the day was 960.3 K. This history from January 20, 2025 did not affect price variability. The overall trading delta to the current price is 2.21% .
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.
For every potential investor in Evonik, whether a beginner or expert, Evonik Industries' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Evonik Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Evonik. Basic forecasting techniques help filter out the noise by identifying Evonik Industries' price trends.
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 Evonik Industries stock to make a market-neutral strategy. Peer analysis of Evonik Industries could also be used in its relative valuation, which is a method of valuing Evonik Industries by comparing valuation metrics with similar companies.
Evonik Industries 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 Evonik Industries' 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 Evonik Industries' current price.
Market strength indicators help investors to evaluate how Evonik Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Evonik Industries shares will generate the highest return on investment. By undertsting and applying Evonik Industries stock market strength indicators, traders can identify Evonik Industries AG entry and exit signals to maximize returns.
The analysis of Evonik Industries' 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 Evonik Industries' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting evonik 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.
When running Evonik Industries' price analysis, check to measure Evonik Industries' 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 Evonik Industries is operating at the current time. Most of Evonik Industries' value examination focuses on studying past and present price action to predict the probability of Evonik Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evonik Industries' price. Additionally, you may evaluate how the addition of Evonik Industries to your portfolios can decrease your overall portfolio volatility.