Chongqing Shunbo Stock Forecast - Accumulation Distribution

002996 Stock   6.56  0.28  4.09%   
Chongqing Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Chongqing Shunbo stock prices and determine the direction of Chongqing Shunbo Aluminum's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Chongqing Shunbo's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Chongqing Shunbo's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Short and Long Term Debt Total is expected to grow to about 4.3 B, whereas Other Current Liabilities is forecasted to decline to about 18.9 M.
On October 15, 2024 Chongqing Shunbo Aluminum had Accumulation Distribution of 1.1 M. The accumulation distribution (A/D) indicator shows the degree to which Chongqing Shunbo is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Chongqing Shunbo Aluminum to determine if accumulation or reduction is taking place in the market. This value is adjusted by Chongqing Shunbo trading volume to give more weight to distributions with higher volume over lower volume.
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Chongqing Shunbo Trading Date Momentum

On October 16 2024 Chongqing Shunbo Aluminum was traded for  5.77  at the closing time. The highest price during the trading period was 5.81  and the lowest recorded bid was listed for  5.62 . The volume for the day was 17.6 M. This history from October 16, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 0.87% . The overall trading delta to the current price is 1.75% .
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
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Other Forecasting Options for Chongqing Shunbo

For every potential investor in Chongqing, whether a beginner or expert, Chongqing Shunbo's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Chongqing Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Chongqing. Basic forecasting techniques help filter out the noise by identifying Chongqing Shunbo's price trends.

Chongqing Shunbo 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 Chongqing Shunbo stock to make a market-neutral strategy. Peer analysis of Chongqing Shunbo could also be used in its relative valuation, which is a method of valuing Chongqing Shunbo by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Chongqing Shunbo Aluminum 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 Chongqing Shunbo's 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 Chongqing Shunbo's current price.

Chongqing Shunbo Market Strength Events

Market strength indicators help investors to evaluate how Chongqing Shunbo stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Chongqing Shunbo shares will generate the highest return on investment. By undertsting and applying Chongqing Shunbo stock market strength indicators, traders can identify Chongqing Shunbo Aluminum entry and exit signals to maximize returns.

Chongqing Shunbo Risk Indicators

The analysis of Chongqing Shunbo'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 Chongqing Shunbo's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting chongqing 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.

Other Information on Investing in Chongqing Stock

Chongqing Shunbo financial ratios help investors to determine whether Chongqing 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 Chongqing with respect to the benefits of owning Chongqing Shunbo security.