Greenidge Generation Stock Forward View - Simple Moving Average
| GREE Stock | USD 1.32 0.03 2.22% |
Greenidge Stock outlook is based on your current time horizon. Investors can use this forecasting interface to forecast Greenidge Generation stock prices and determine the direction of Greenidge Generation Holdings's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Greenidge Generation's historical fundamentals, such as revenue growth or operating cash flow patterns.
At the present time, the relative strength index (RSI) of Greenidge Generation's share price is approaching 40. This usually indicates that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Greenidge Generation, making its price go up or down. Momentum 40
Sell Extended
Oversold | Overbought |
Wall Street Target Price 4 | Quarterly Revenue Growth (0.01) |
Using Greenidge Generation hype-based prediction, you can estimate the value of Greenidge Generation Holdings from the perspective of Greenidge Generation response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Moving Average forecasted value of Greenidge Generation Holdings on the next trading day is expected to be 1.32 with a mean absolute deviation of 0.09 and the sum of the absolute errors of 5.08. Greenidge Generation after-hype prediction price | USD 1.32 |
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.
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Greenidge Generation Additional Predictive Modules
Most predictive techniques to examine Greenidge price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Greenidge using various technical indicators. When you analyze Greenidge 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 |
Greenidge Generation Simple Moving Average Price Forecast For the 31st of January
Given 90 days horizon, the Simple Moving Average forecasted value of Greenidge Generation Holdings on the next trading day is expected to be 1.32 with a mean absolute deviation of 0.09, mean absolute percentage error of 0.02, and the sum of the absolute errors of 5.08.Please note that although there have been many attempts to predict Greenidge Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Greenidge Generation's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Greenidge Generation Stock Forecast Pattern
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Greenidge Generation Forecasted Value
In the context of forecasting Greenidge Generation'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. Greenidge Generation's downside and upside margins for the forecasting period are 0.01 and 8.92, respectively. We have considered Greenidge Generation'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 Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Greenidge Generation stock data series using in forecasting. Note that when a statistical model is used to represent Greenidge Generation 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 | 110.3722 |
| Bias | Arithmetic mean of the errors | 0.0097 |
| MAD | Mean absolute deviation | 0.0861 |
| MAPE | Mean absolute percentage error | 0.0542 |
| SAE | Sum of the absolute errors | 5.08 |
Predictive Modules for Greenidge Generation
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Greenidge Generation. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Greenidge Generation's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Greenidge Generation After-Hype Price Density Analysis
As far as predicting the price of Greenidge Generation 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 Greenidge Generation 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 Greenidge Generation, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Greenidge Generation Estimiated After-Hype Price Volatility
In the context of predicting Greenidge Generation's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Greenidge Generation's historical news coverage. Greenidge Generation's after-hype downside and upside margins for the prediction period are 0.07 and 8.92, respectively. We have considered Greenidge Generation'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 outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Greenidge Generation is dangerous at this time. Analysis and calculation of next after-hype price of Greenidge Generation is based on 3 months time horizon.
Greenidge Generation Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Greenidge Generation is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Greenidge Generation 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 Greenidge Generation, 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 | 7.60 | 0.00 | 0.18 | 8 Events / Month | 4 Events / Month | In about 8 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
1.32 | 1.32 | 0.00 |
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Greenidge Generation Hype Timeline
Greenidge Generation is currently traded for 1.32. The entity stock is not elastic to its hype. The average elasticity to hype of competition is -0.18. Greenidge 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 over 100%. 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 Greenidge Generation is about 1212.12%, with the expected price after the next announcement by competition of 1.14. About 14.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 0.24. Some equities with similar Price to Book (P/B) outperform the market in the long run. Greenidge Generation has Price/Earnings (P/E) ratio of 226.64. The entity recorded a loss per share of 1.56. The firm had not issued any dividends in recent years. Greenidge Generation had 1:10 split on the 16th of May 2023. Given the investment horizon of 90 days the next forecasted press release will be in about 8 days. Check out Historical Fundamental Analysis of Greenidge Generation to cross-verify your projections.Greenidge Generation Related Hype Analysis
Having access to credible news sources related to Greenidge Generation's direct competition is more important than ever and may enhance your ability to predict Greenidge Generation's future price movements. Getting to know how Greenidge Generation'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 Greenidge Generation may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| ARBK | Argo Blockchain PLC | (6.28) | 8 per month | 0.00 | (0.29) | 12.49 | (14.87) | 91.48 | |
| MIGI | Mawson Infrastructure Group | 0.09 | 8 per month | 0.00 | (0.17) | 14.61 | (16.05) | 61.71 | |
| EQS | Equus Total Return | (0.13) | 8 per month | 0.00 | (0.14) | 5.56 | (6.63) | 14.02 | |
| HSPO | Horizon Space Acquisition | 0.00 | 6 per month | 3.46 | 0.01 | 2.46 | (3.24) | 61.25 | |
| NMP | NMP | 0.00 | 2 per month | 0.00 | (0.27) | 0.30 | (0.20) | 0.90 | |
| TIRX | Tian Ruixiang Holdings | (0.05) | 8 per month | 6.79 | 0.08 | 10.87 | (12.20) | 43.94 | |
| MDBH | MDB Capital Holdings | (0.07) | 8 per month | 0.00 | (0.10) | 4.96 | (6.06) | 16.13 | |
| BOWN | Bowen Acquisition Corp | 0.00 | 7 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| ATMV | ATMV Old | 0.26 | 7 per month | 0.00 | (0.01) | 21.92 | (16.88) | 92.48 | |
| AACI | AACI Old | (0.09) | 4 per month | 0.42 | (0.06) | 0.67 | (0.67) | 4.98 |
Other Forecasting Options for Greenidge Generation
For every potential investor in Greenidge, whether a beginner or expert, Greenidge Generation's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Greenidge Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Greenidge. Basic forecasting techniques help filter out the noise by identifying Greenidge Generation's price trends.Greenidge Generation 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 Greenidge Generation stock to make a market-neutral strategy. Peer analysis of Greenidge Generation could also be used in its relative valuation, which is a method of valuing Greenidge Generation by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Greenidge Generation Market Strength Events
Market strength indicators help investors to evaluate how Greenidge Generation stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Greenidge Generation shares will generate the highest return on investment. By undertsting and applying Greenidge Generation stock market strength indicators, traders can identify Greenidge Generation Holdings entry and exit signals to maximize returns.
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 1.32 | |||
| Day Typical Price | 1.32 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.03) | |||
| Relative Strength Index | 40.02 |
Greenidge Generation Risk Indicators
The analysis of Greenidge Generation'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 Greenidge Generation's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting greenidge 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 | 4.7 | |||
| Standard Deviation | 7.42 | |||
| Variance | 55.07 |
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 Greenidge Generation
The number of cover stories for Greenidge Generation depends on current market conditions and Greenidge Generation's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Greenidge Generation 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 Greenidge Generation'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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Greenidge Generation Short Properties
Greenidge Generation's future price predictability will typically decrease when Greenidge Generation's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Greenidge Generation Holdings often depends not only on the future outlook of the potential Greenidge Generation's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Greenidge Generation's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 10.5 M | |
| Cash And Short Term Investments | 8.6 M |
Check out Historical Fundamental Analysis of Greenidge Generation to cross-verify your projections. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Will Asset Management & Custody Banks sector continue expanding? Could Greenidge diversify its offerings? Factors like these will boost the valuation of Greenidge Generation. Market participants price Greenidge higher when confident in its future expansion prospects. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Greenidge Generation data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Earnings Share (1.56) | Revenue Per Share | Quarterly Revenue Growth (0.01) | Return On Assets | Return On Equity |
Investors evaluate Greenidge Generation using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Greenidge Generation's intrinsic value—the estimated true worth—helps identify when the stock trades at a discount or premium to fair value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. External factors like market trends, sector rotation, and investor psychology can cause Greenidge Generation's market price to deviate significantly from intrinsic value.
Please note, there is a significant difference between Greenidge Generation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Greenidge Generation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Conversely, Greenidge Generation's market price signifies the transaction level at which participants voluntarily complete trades.