NorAm Drilling Stock Forecast - Accumulation Distribution
| NORAM Stock | 33.90 0.75 2.16% |
NorAm Stock Forecast is based on your current time horizon.
NorAm |
| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 300.83 | 961.02 |
| Check NorAm Drilling Volatility | Backtest NorAm Drilling | Trend Details |
NorAm Drilling Trading Date Momentum
| On October 25 2024 NorAm Drilling AS was traded for 36.56 at the closing time. The highest price during the trading period was 37.56 and the lowest recorded bid was listed for 36.46 . The volume for the day was 36.6 K. This history from October 25, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.61% . The trading delta at closing time to the current price is 2.96% . |
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 NorAm Drilling
For every potential investor in NorAm, whether a beginner or expert, NorAm Drilling's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. NorAm Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in NorAm. Basic forecasting techniques help filter out the noise by identifying NorAm Drilling's price trends.NorAm Drilling 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 NorAm Drilling stock to make a market-neutral strategy. Peer analysis of NorAm Drilling could also be used in its relative valuation, which is a method of valuing NorAm Drilling by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
NorAm Drilling AS 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 NorAm Drilling'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 NorAm Drilling's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
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| Volume Indicators |
NorAm Drilling Market Strength Events
Market strength indicators help investors to evaluate how NorAm Drilling stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NorAm Drilling shares will generate the highest return on investment. By undertsting and applying NorAm Drilling stock market strength indicators, traders can identify NorAm Drilling AS entry and exit signals to maximize returns.
NorAm Drilling Risk Indicators
The analysis of NorAm Drilling'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 NorAm Drilling's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting noram 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 | 1.24 | |||
| Standard Deviation | 1.67 | |||
| Variance | 2.8 |
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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NorAm Drilling financial ratios help investors to determine whether NorAm 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 NorAm with respect to the benefits of owning NorAm Drilling security.