First Solar Stock Forecast - Daily Balance Of Power
| FSLR Stock | USD 192.57 0.25 0.13% |
First Stock Forecast is based on your current time horizon. Although First Solar's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of First Solar's systematic risk associated with finding meaningful patterns of First Solar fundamentals over time.
First |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.58) | (0.11) |
| Check First Solar Volatility | Backtest First Solar | Trend Details |
First Solar Trading Date Momentum
| On October 08 2024 First Solar was traded for 225.64 at the closing time. The top price for the day was 231.60 and the lowest listed price was 223.17 . The trading volume for the day was 1.5 M. The trading history from October 8, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.73% . The overall trading delta against the current closing price is 8.11% . |
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 First Solar
For every potential investor in First, whether a beginner or expert, First Solar's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. First Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in First. Basic forecasting techniques help filter out the noise by identifying First Solar's price trends.First Solar 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 First Solar stock to make a market-neutral strategy. Peer analysis of First Solar could also be used in its relative valuation, which is a method of valuing First Solar by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
First Solar 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 First Solar'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 First Solar's current price.| Cycle Indicators | ||
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| Volume Indicators |
First Solar Market Strength Events
Market strength indicators help investors to evaluate how First Solar stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading First Solar shares will generate the highest return on investment. By undertsting and applying First Solar stock market strength indicators, traders can identify First Solar entry and exit signals to maximize returns.
First Solar Risk Indicators
The analysis of First Solar'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 First Solar's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting first 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 | 2.56 | |||
| Standard Deviation | 3.67 | |||
| Variance | 13.47 |
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.
Pair Trading with First Solar
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Solar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Solar will appreciate offsetting losses from the drop in the long position's value.Moving against First Stock
| 0.71 | RMBS | Rambus Inc | PairCorr |
| 0.62 | CAN | Canaan Inc Aggressive Push | PairCorr |
| 0.58 | SITM | Sitime | PairCorr |
| 0.41 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
The ability to find closely correlated positions to First Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Solar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Solar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Solar to buy it.
The correlation of First Solar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Solar moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Solar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for First Stock Analysis
When running First Solar's price analysis, check to measure First Solar'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 First Solar is operating at the current time. Most of First Solar's value examination focuses on studying past and present price action to predict the probability of First Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Solar's price. Additionally, you may evaluate how the addition of First Solar to your portfolios can decrease your overall portfolio volatility.