RENUKA FOODS (Sri Lanka) Probability of Future Stock Price Finishing Over 12.06

RENUKA FOODS's future price can be derived by breaking down and analyzing its technical indicators over time. RENUKA Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of RENUKA FOODS PLC. In general, you should focus on analyzing RENUKA Stock price patterns and their correlations with different microeconomic environments and drivers.

RENUKA FOODS's time-series forecasting models is one of many RENUKA FOODS's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary RENUKA FOODS's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.