Stonex Stock Forecast - Daily Balance Of Power
| SNEX Stock | USD 103.76 0.42 0.40% |
Stonex Stock Forecast is based on your current time horizon.
Stonex |
Open Interest Against 2024-12-20 Stonex Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Stonex's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Stonex's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Stonex stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Stonex's open interest, investors have to compare it to Stonex's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Stonex is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Stonex. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.50) | (0.25) |
| Check Stonex Volatility | Backtest Stonex | Trend Details |
Stonex Trading Date Momentum
| On August 06 2024 Stonex Group was traded for 74.68 at the closing time. The top price for the day was 75.39 and the lowest listed price was 73.24 . The trading volume for the day was 181.2 K. The trading history from August 6, 2024 was a factor to the next trading day price jump. The trading price change against the next closing price was 1.25% . The trading price change against the current closing price is 4.24% . |
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 Stonex
For every potential investor in Stonex, whether a beginner or expert, Stonex's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Stonex Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Stonex. Basic forecasting techniques help filter out the noise by identifying Stonex's price trends.Stonex 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 Stonex stock to make a market-neutral strategy. Peer analysis of Stonex could also be used in its relative valuation, which is a method of valuing Stonex by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Stonex Group 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 Stonex'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 Stonex's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Stonex Market Strength Events
Market strength indicators help investors to evaluate how Stonex stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Stonex shares will generate the highest return on investment. By undertsting and applying Stonex stock market strength indicators, traders can identify Stonex Group entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0146 | |||
| Daily Balance Of Power | (0.27) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 104.46 | |||
| Day Typical Price | 104.23 | |||
| Market Facilitation Index | 1.54 | |||
| Price Action Indicator | (0.91) | |||
| Period Momentum Indicator | (0.42) |
Stonex Risk Indicators
The analysis of Stonex'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 Stonex's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting stonex 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 | 1.28 | |||
| Semi Deviation | 1.06 | |||
| Standard Deviation | 1.79 | |||
| Variance | 3.2 | |||
| Downside Variance | 2.01 | |||
| Semi Variance | 1.13 | |||
| Expected Short fall | (1.55) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Stonex Stock Analysis
When running Stonex's price analysis, check to measure Stonex'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 Stonex is operating at the current time. Most of Stonex's value examination focuses on studying past and present price action to predict the probability of Stonex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stonex's price. Additionally, you may evaluate how the addition of Stonex to your portfolios can decrease your overall portfolio volatility.