Evonik Industries Pink Sheet Forecast - Accumulation Distribution

EVKIF Stock  USD 17.90  0.00  0.00%   
Evonik Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Evonik Industries' historical fundamentals, such as revenue growth or operating cash flow patterns.
  
On September 20, 2024 Evonik Industries AG had Accumulation Distribution of 0.0752. The accumulation distribution (A/D) indicator shows the degree to which Evonik Industries is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Evonik Industries AG to determine if accumulation or reduction is taking place in the market. This value is adjusted by Evonik Industries trading volume to give more weight to distributions with higher volume over lower volume.
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Evonik Industries Trading Date Momentum

On September 23 2024 Evonik Industries AG was traded for  23.40  at the closing time. The highest daily price throughout the period was 23.40  and the lowest price was  23.40 . There was no trading activity during the period 1.0. Lack of trading volume on 09/23/2024 did not affect price variability. The overall trading delta to current closing price is 3.76% .
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 Evonik Industries

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

Evonik Industries 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 Evonik Industries pink sheet to make a market-neutral strategy. Peer analysis of Evonik Industries could also be used in its relative valuation, which is a method of valuing Evonik Industries by comparing valuation metrics with similar companies.
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Evonik Industries Technical and Predictive Analytics

The pink sheet market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Evonik Industries' 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 Evonik Industries' current price.

Evonik Industries Market Strength Events

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

Evonik Industries Risk Indicators

The analysis of Evonik Industries' 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 Evonik Industries' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting evonik pink sheet 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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Other Information on Investing in Evonik Pink Sheet

Evonik Industries financial ratios help investors to determine whether Evonik Pink Sheet 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 Evonik with respect to the benefits of owning Evonik Industries security.