Biogen Stock Forecast - Daily Balance Of Power
| IDP Stock | EUR 151.75 0.55 0.36% |
Biogen Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Biogen's historical fundamentals, such as revenue growth or operating cash flow patterns.
Biogen |
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Biogen Trading Date Momentum
| On November 27 2024 Biogen Inc was traded for 151.75 at the closing time. The highest daily price throughout the period was 152.00 and the lowest price was 150.55 . The daily volume was 95.0. The net trading volume on 11/27/2024 added to the next day price rise. The trading delta at closing time to closing price of the next trading day was 0.36% . The overall trading delta to current closing price is 0.43% . |
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 Biogen
For every potential investor in Biogen, whether a beginner or expert, Biogen's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Biogen Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Biogen. Basic forecasting techniques help filter out the noise by identifying Biogen's price trends.Biogen 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 Biogen stock to make a market-neutral strategy. Peer analysis of Biogen could also be used in its relative valuation, which is a method of valuing Biogen by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Biogen Inc 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 Biogen'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 Biogen's current price.| Cycle Indicators | ||
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| Volume Indicators |
Biogen Market Strength Events
Market strength indicators help investors to evaluate how Biogen stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Biogen shares will generate the highest return on investment. By undertsting and applying Biogen stock market strength indicators, traders can identify Biogen Inc entry and exit signals to maximize returns.
Biogen Risk Indicators
The analysis of Biogen'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 Biogen's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting biogen 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 | 1.19 | |||
| Standard Deviation | 1.46 | |||
| Variance | 2.14 |
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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Additional Information and Resources on Investing in Biogen Stock
When determining whether Biogen Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Biogen's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Biogen Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Biogen Inc Stock:Check out Historical Fundamental Analysis of Biogen to cross-verify your projections. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.