Kelani Cables Stock Forecast - Accumulation Distribution

KCABN0000  LKR 500.25  9.75  1.91%   
Kelani Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Kelani Cables stock prices and determine the direction of Kelani Cables PLC's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Kelani Cables' historical fundamentals, such as revenue growth or operating cash flow patterns.
  
On August 23, 2024 Kelani Cables PLC had Accumulation Distribution of 93.89. The accumulation distribution (A/D) indicator shows the degree to which Kelani Cables is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Kelani Cables PLC to determine if accumulation or reduction is taking place in the market. This value is adjusted by Kelani Cables trading volume to give more weight to distributions with higher volume over lower volume.
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Kelani Cables Trading Date Momentum

On August 26 2024 Kelani Cables PLC was traded for  284.25  at the closing time. The highest price during the trading period was 289.00  and the lowest recorded bid was listed for  283.00 . The volume for the day was 6.5 K. This history from August 26, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.13% . The trading delta at closing time to the current price is 2.43% .
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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Kelani Cables 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 Kelani Cables stock to make a market-neutral strategy. Peer analysis of Kelani Cables could also be used in its relative valuation, which is a method of valuing Kelani Cables by comparing valuation metrics with similar companies.
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Kelani Cables Market Strength Events

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

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Other Information on Investing in Kelani Stock

Kelani Cables financial ratios help investors to determine whether Kelani Stock 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 Kelani with respect to the benefits of owning Kelani Cables security.