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On December 18, 2024 Pan Jit International had Daily Balance Of Power of 0.4545. Balance of Power indicator (or BOP) measures the strength of Pan Jit International market sensitivity to bulls and bears. It estimates the ability of Pan Jit buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Pan Jit Balance of Power indicator one can determine a trend of the price direction.
On December 19 2024 Pan Jit International was traded for 50.10 at the closing time. The highest price during the trading period was 50.30 and the lowest recorded bid was listed for 49.60 . The volume for the day was 614.7 K. This history from December 19, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.60% . The trading delta at closing time to the current price is 1.79% .
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.
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 Pan Jit stock to make a market-neutral strategy. Peer analysis of Pan Jit could also be used in its relative valuation, which is a method of valuing Pan Jit by comparing valuation metrics with similar companies.
Market strength indicators help investors to evaluate how Pan Jit stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Pan Jit shares will generate the highest return on investment. By undertsting and applying Pan Jit stock market strength indicators, traders can identify Pan Jit International entry and exit signals to maximize returns.
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 Pan Jit's price analysis, check to measure Pan Jit's 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 Pan Jit is operating at the current time. Most of Pan Jit's value examination focuses on studying past and present price action to predict the probability of Pan Jit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pan Jit's price. Additionally, you may evaluate how the addition of Pan Jit to your portfolios can decrease your overall portfolio volatility.