Myers Industries Stock Forecast - Simple Exponential Smoothing
| MYE Stock | USD 20.38 0.06 0.30% |
The Simple Exponential Smoothing forecasted value of Myers Industries on the next trading day is expected to be 20.38 with a mean absolute deviation of 0.21 and the sum of the absolute errors of 12.69. Myers Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Myers Industries stock prices and determine the direction of Myers Industries's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Myers Industries' historical fundamentals, such as revenue growth or operating cash flow patterns.
At the present time the relative strength index (rsi) of Myers Industries' share price is below 20 . This indicates 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 |
Quarterly Earnings Growth (0.06) | EPS Estimate Next Quarter 0.23 | EPS Estimate Current Year 1.01 | EPS Estimate Next Year 1.47 | Wall Street Target Price 21 |
Using Myers Industries hype-based prediction, you can estimate the value of Myers Industries from the perspective of Myers Industries response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Myers Industries using Myers Industries' stock options and short interest. It helps to benchmark the overall future attitude of investors towards Myers using crowd psychology based on the activity and movement of Myers Industries' stock price.
Myers Industries Implied Volatility | 1.91 |
Myers Industries' implied volatility exposes the market's sentiment of Myers Industries stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Myers Industries' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Myers Industries stock will not fluctuate a lot when Myers Industries' options are near their expiration.
The Simple Exponential Smoothing forecasted value of Myers Industries on the next trading day is expected to be 20.38 with a mean absolute deviation of 0.21 and the sum of the absolute errors of 12.69. Myers Industries after-hype prediction price | USD 20.86 |
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.
Check out Historical Fundamental Analysis of Myers Industries to cross-verify your projections. Prediction based on Rule 16 of the current Myers contract
Based on the Rule 16, the options market is currently suggesting that Myers Industries will have an average daily up or down price movement of about 0.12% per day over the life of the 2026-03-20 option contract. With Myers Industries trading at USD 20.38, that is roughly USD 0.0243 . If you think that the market is fully incorporating Myers Industries' daily price movement you should consider acquiring Myers Industries options at the current volatility level of 1.91%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Open Interest Against 2026-03-20 Myers Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Myers Industries' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Myers Industries' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Myers Industries stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Myers Industries' open interest, investors have to compare it to Myers Industries' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Myers Industries is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Myers. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Myers Industries Additional Predictive Modules
Most predictive techniques to examine Myers price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Myers using various technical indicators. When you analyze Myers 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 |
Myers Industries Simple Exponential Smoothing Price Forecast For the 26th of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Myers Industries on the next trading day is expected to be 20.38 with a mean absolute deviation of 0.21, mean absolute percentage error of 0.08, and the sum of the absolute errors of 12.69.Please note that although there have been many attempts to predict Myers 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 Myers Industries' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Myers Industries Stock Forecast Pattern
| Backtest Myers Industries | Myers Industries Price Prediction | Buy or Sell Advice |
Myers Industries Forecasted Value
In the context of forecasting Myers Industries' 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. Myers Industries' downside and upside margins for the forecasting period are 18.88 and 21.88, respectively. We have considered Myers Industries' 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 Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Myers Industries stock data series using in forecasting. Note that when a statistical model is used to represent Myers Industries 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 | 113.7208 |
| Bias | Arithmetic mean of the errors | -0.0528 |
| MAD | Mean absolute deviation | 0.2115 |
| MAPE | Mean absolute percentage error | 0.0115 |
| SAE | Sum of the absolute errors | 12.69 |
Predictive Modules for Myers Industries
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Myers Industries. 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 Myers Industries' 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.
Myers Industries After-Hype Price Prediction Density Analysis
As far as predicting the price of Myers Industries 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 Myers Industries 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 Myers Industries, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Myers Industries Estimiated After-Hype Price Volatility
In the context of predicting Myers Industries' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Myers Industries' historical news coverage. Myers Industries' after-hype downside and upside margins for the prediction period are 19.36 and 22.36, respectively. We have considered Myers Industries' 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
Myers Industries is very steady at this time. Analysis and calculation of next after-hype price of Myers Industries is based on 3 months time horizon.
Myers Industries Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Myers Industries is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Myers Industries 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 Myers Industries, 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 | 1.50 | 0.48 | 0.19 | 4 Events / Month | 8 Events / Month | In about 4 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
20.38 | 20.86 | 2.36 |
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Myers Industries Hype Timeline
On the 25th of January Myers Industries is traded for 20.38. The entity has historical hype elasticity of 0.48, and average elasticity to hype of competition of 0.19. Myers is anticipated to increase in value after the next headline, with the price projected to jump to 20.86 or above. The average volatility of media hype impact on the company the price is about 87.21%. The price growth on the next news is projected to be 2.36%, whereas the daily expected return is now at 0.28%. The volatility of related hype on Myers Industries is about 225.23%, with the expected price after the next announcement by competition of 20.57. Myers Industries has 413.87 M in debt with debt to equity (D/E) ratio of 0.6, which is OK given its current industry classification. Considering the 90-day investment horizon the next anticipated press release will be in about 4 days. Check out Historical Fundamental Analysis of Myers Industries to cross-verify your projections.Myers Industries Related Hype Analysis
Having access to credible news sources related to Myers Industries' direct competition is more important than ever and may enhance your ability to predict Myers Industries' future price movements. Getting to know how Myers Industries' 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 Myers Industries may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| PLOW | Douglas Dynamics | (0.27) | 11 per month | 0.91 | 0.14 | 3.22 | (1.80) | 8.83 | |
| CSV | Carriage Services | (0.06) | 11 per month | 0.00 | (0.1) | 2.07 | (1.89) | 6.13 | |
| CARS | Cars Inc | 0.05 | 10 per month | 1.87 | 0.06 | 3.99 | (3.44) | 10.98 | |
| BBW | Build A Bear Workshop | 1.57 | 9 per month | 3.78 | 0.06 | 4.68 | (4.37) | 25.04 | |
| BZH | Beazer Homes USA | 0.65 | 4 per month | 2.13 | (0.01) | 5.19 | (2.90) | 11.50 | |
| LQDT | Liquidity Services | (0.14) | 10 per month | 1.56 | 0.15 | 3.68 | (2.98) | 16.86 | |
| KRT | Karat Packaging | 1.82 | 7 per month | 1.90 | (0.03) | 3.23 | (2.77) | 12.60 | |
| CBRL | Cracker Barrel Old | 1.82 | 19 per month | 0.00 | (0.08) | 7.62 | (5.32) | 13.71 | |
| BJRI | BJs Restaurants | 1.72 | 10 per month | 1.73 | 0.14 | 4.29 | (3.07) | 21.89 | |
| JMIA | Jumia Technologies AG | (0.50) | 8 per month | 3.68 | 0.06 | 6.29 | (5.98) | 16.35 |
Other Forecasting Options for Myers Industries
For every potential investor in Myers, whether a beginner or expert, Myers Industries' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Myers Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Myers. Basic forecasting techniques help filter out the noise by identifying Myers Industries' price trends.Myers Industries 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 Myers Industries stock to make a market-neutral strategy. Peer analysis of Myers Industries could also be used in its relative valuation, which is a method of valuing Myers Industries by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Myers Industries Market Strength Events
Market strength indicators help investors to evaluate how Myers 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 Myers Industries shares will generate the highest return on investment. By undertsting and applying Myers Industries stock market strength indicators, traders can identify Myers Industries entry and exit signals to maximize returns.
Myers Industries Risk Indicators
The analysis of Myers 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 Myers Industries' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting myers 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 | 1.14 | |||
| Semi Deviation | 0.8857 | |||
| Standard Deviation | 1.49 | |||
| Variance | 2.21 | |||
| Downside Variance | 1.85 | |||
| Semi Variance | 0.7845 | |||
| Expected Short fall | (1.34) |
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 Myers Industries
The number of cover stories for Myers Industries depends on current market conditions and Myers Industries' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Myers Industries 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 Myers Industries' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Myers Industries Short Properties
Myers Industries' future price predictability will typically decrease when Myers Industries' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Myers Industries often depends not only on the future outlook of the potential Myers Industries' 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. Myers Industries' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 37.4 M | |
| Cash And Short Term Investments | 32.2 M |
Check out Historical Fundamental Analysis of Myers Industries to cross-verify your projections. For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Metal, Glass & Plastic Containers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Myers Industries. If investors know Myers will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Myers Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.06) | Dividend Share 0.54 | Earnings Share 0.74 | Revenue Per Share | Quarterly Revenue Growth 0.002 |
The market value of Myers Industries is measured differently than its book value, which is the value of Myers that is recorded on the company's balance sheet. Investors also form their own opinion of Myers Industries' value that differs from its market value or its book value, called intrinsic value, which is Myers Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Myers Industries' market value can be influenced by many factors that don't directly affect Myers Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Myers Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Myers Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Myers Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.