Bodycote PLC Stock Forecast - Daily Balance Of Power
| BOY Stock | 634.00 14.00 2.26% |
Bodycote Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Bodycote PLC stock prices and determine the direction of Bodycote PLC's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Bodycote PLC's historical fundamentals, such as revenue growth or operating cash flow patterns.
Bodycote |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.8629 | 0.7846 |
| Check Bodycote PLC Volatility | Backtest Bodycote PLC | Trend Details |
Bodycote PLC Trading Date Momentum
| On November 15 2023 Bodycote PLC was traded for 581.96 at the closing time. The highest price during the trading period was 606.57 and the lowest recorded bid was listed for 581.00 . The volume for the day was 170.6 K. This history from November 15, 2023 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.07% . The overall trading delta to the current price is 1.23% . |
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.
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Bodycote PLC 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 Bodycote PLC stock to make a market-neutral strategy. Peer analysis of Bodycote PLC could also be used in its relative valuation, which is a method of valuing Bodycote PLC by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Bodycote PLC Market Strength Events
Market strength indicators help investors to evaluate how Bodycote PLC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bodycote PLC shares will generate the highest return on investment. By undertsting and applying Bodycote PLC stock market strength indicators, traders can identify Bodycote PLC entry and exit signals to maximize returns.
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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 Bodycote Stock
Bodycote PLC financial ratios help investors to determine whether Bodycote 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 Bodycote with respect to the benefits of owning Bodycote PLC security.