Bioventix Stock Forecast - Daily Balance Of Power
| BVXP Stock | 3,750 50.00 1.35% |
Bioventix Stock Forecast is based on your current time horizon.
Bioventix |
| Check Bioventix Volatility | Backtest Bioventix | Trend Details |
Bioventix Trading Date Momentum
| On November 24 2023 Bioventix was traded for 3,781 at the closing time. The highest price during the trading period was 3,801 and the lowest recorded bid was listed for 3,719 . The volume for the day was 11.8 K. This history from November 24, 2023 contributed to the next trading day price appreciation. The overall trading delta to the next closing price was 0.77% . The overall trading delta to the current price is 0.00% . |
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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Other Forecasting Options for Bioventix
For every potential investor in Bioventix, whether a beginner or expert, Bioventix's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Bioventix Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Bioventix. Basic forecasting techniques help filter out the noise by identifying Bioventix's price trends.Bioventix 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 Bioventix stock to make a market-neutral strategy. Peer analysis of Bioventix could also be used in its relative valuation, which is a method of valuing Bioventix by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Bioventix 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 Bioventix'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 Bioventix's current price.| Cycle Indicators | ||
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Bioventix Market Strength Events
Market strength indicators help investors to evaluate how Bioventix stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bioventix shares will generate the highest return on investment. By undertsting and applying Bioventix stock market strength indicators, traders can identify Bioventix entry and exit signals to maximize returns.
Bioventix Risk Indicators
The analysis of Bioventix'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 Bioventix's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bioventix 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 | 1.58 | |||
| Standard Deviation | 2.49 | |||
| Variance | 6.18 |
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.Additional Tools for Bioventix Stock Analysis
When running Bioventix's price analysis, check to measure Bioventix'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 Bioventix is operating at the current time. Most of Bioventix's value examination focuses on studying past and present price action to predict the probability of Bioventix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bioventix's price. Additionally, you may evaluate how the addition of Bioventix to your portfolios can decrease your overall portfolio volatility.