Precision BioSciences Stock Forecast - Daily Balance Of Power
| DTIL Stock | USD 7.29 0.18 2.53% |
Precision Stock Forecast is based on your current time horizon. Although Precision BioSciences' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Precision BioSciences' systematic risk associated with finding meaningful patterns of Precision BioSciences fundamentals over time.
Precision |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.5789 | 0.4444 |
| Check Precision BioSciences Volatility | Backtest Precision BioSciences | Trend Details |
Precision BioSciences Trading Date Momentum
| On June 05 2024 Precision BioSciences was traded for 13.01 at the closing time. The top price for the day was 13.25 and the lowest listed price was 13.01 . The trading volume for the day was 22.6 K. The trading history from June 5, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.66% . The trading delta at closing time against the current closing price is 7.86% . |
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.
| Compare Precision BioSciences to competition |
Other Forecasting Options for Precision BioSciences
For every potential investor in Precision, whether a beginner or expert, Precision BioSciences' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Precision Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Precision. Basic forecasting techniques help filter out the noise by identifying Precision BioSciences' price trends.Precision BioSciences 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 Precision BioSciences stock to make a market-neutral strategy. Peer analysis of Precision BioSciences could also be used in its relative valuation, which is a method of valuing Precision BioSciences by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Precision BioSciences 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 Precision BioSciences' 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 Precision BioSciences' current price.| Cycle Indicators | ||
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Precision BioSciences Market Strength Events
Market strength indicators help investors to evaluate how Precision BioSciences stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Precision BioSciences shares will generate the highest return on investment. By undertsting and applying Precision BioSciences stock market strength indicators, traders can identify Precision BioSciences entry and exit signals to maximize returns.
| Accumulation Distribution | 815.49 | |||
| Daily Balance Of Power | 0.6667 | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 7.25 | |||
| Day Typical Price | 7.26 | |||
| Price Action Indicator | 0.13 | |||
| Period Momentum Indicator | 0.18 |
Precision BioSciences Risk Indicators
The analysis of Precision BioSciences' 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 Precision BioSciences' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting precision 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 | 2.12 | |||
| Standard Deviation | 3.31 | |||
| Variance | 10.93 |
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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Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Precision BioSciences. If investors know Precision will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Precision BioSciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.4 | Revenue Per Share 12.872 | Quarterly Revenue Growth (0.96) | Return On Assets (0.06) | Return On Equity 0.2444 |
The market value of Precision BioSciences is measured differently than its book value, which is the value of Precision that is recorded on the company's balance sheet. Investors also form their own opinion of Precision BioSciences' value that differs from its market value or its book value, called intrinsic value, which is Precision BioSciences' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Precision BioSciences' market value can be influenced by many factors that don't directly affect Precision BioSciences' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Precision BioSciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Precision BioSciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precision BioSciences' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.