Novabay Pharmaceuticals Stock Pattern Recognition Tasuki Gap

NBY Stock  USD 0.60  0.01  1.69%   
NovaBay Pharmaceuticals pattern recognition tool provides the execution environment for running the Tasuki Gap recognition and other technical functions against NovaBay Pharmaceuticals. NovaBay Pharmaceuticals value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of pattern recognition indicators. As with most other technical indicators, the Tasuki Gap recognition function is designed to identify and follow existing trends. NovaBay Pharmaceuticals momentum indicators are usually used to generate trading rules based on assumptions that NovaBay Pharmaceuticals trends in prices tend to continue for long periods.

Recognition
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was seven with a total number of output elements of fifty-four. The function did not return any valid pattern recognition events for the selected time horizon. The Tasuki Gap pattern shows NovaBay Pharmaceuticals continuation trend for either bearish or bullish conditions.

NovaBay Pharmaceuticals Technical Analysis Modules

Most technical analysis of NovaBay Pharmaceuticals help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for NovaBay from various momentum indicators to cycle indicators. When you analyze NovaBay charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About NovaBay Pharmaceuticals Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NovaBay Pharmaceuticals. We use our internally-developed statistical techniques to arrive at the intrinsic value of NovaBay Pharmaceuticals based on widely used predictive technical indicators. In general, we focus on analyzing NovaBay Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build NovaBay Pharmaceuticals's daily price indicators and compare them against related drivers, such as pattern recognition and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of NovaBay Pharmaceuticals's intrinsic value. In addition to deriving basic predictive indicators for NovaBay Pharmaceuticals, we also check how macroeconomic factors affect NovaBay Pharmaceuticals price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2021 2022 2023 2024 (projected)
Days Sales Outstanding72.350.018.8117.87
PTB Ratio1.430.190.260.25
Hype
Prediction
LowEstimatedHigh
0.030.618.35
Details
Intrinsic
Valuation
LowRealHigh
0.102.099.83
Details
Naive
Forecast
LowNextHigh
0.010.458.18
Details
2 Analysts
Consensus
LowTargetHigh
6.056.657.38
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NovaBay Pharmaceuticals. Your research has to be compared to or analyzed against NovaBay Pharmaceuticals' peers to derive any actionable benefits. When done correctly, NovaBay Pharmaceuticals' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in NovaBay Pharmaceuticals.

Learn to be your own money manager

As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.

Did you try this?

Run Volatility Analysis Now

   

Volatility Analysis

Get historical volatility and risk analysis based on latest market data
All  Next Launch Module

NovaBay Pharmaceuticals pair trading

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 NovaBay Pharmaceuticals 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 NovaBay Pharmaceuticals will appreciate offsetting losses from the drop in the long position's value.

NovaBay Pharmaceuticals Pair Trading

NovaBay Pharmaceuticals Pair Trading Analysis

The ability to find closely correlated positions to NovaBay Pharmaceuticals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NovaBay Pharmaceuticals 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 NovaBay Pharmaceuticals - 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 NovaBay Pharmaceuticals to buy it.
The correlation of NovaBay Pharmaceuticals 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 NovaBay Pharmaceuticals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NovaBay Pharmaceuticals 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 NovaBay Pharmaceuticals 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.
Pair CorrelationCorrelation Matching

Additional Tools for NovaBay Stock Analysis

When running NovaBay Pharmaceuticals' price analysis, check to measure NovaBay Pharmaceuticals' 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 NovaBay Pharmaceuticals is operating at the current time. Most of NovaBay Pharmaceuticals' value examination focuses on studying past and present price action to predict the probability of NovaBay Pharmaceuticals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NovaBay Pharmaceuticals' price. Additionally, you may evaluate how the addition of NovaBay Pharmaceuticals to your portfolios can decrease your overall portfolio volatility.