CECO ENVIRONMENTAL Stock Forecast - 4 Period Moving Average

A four-period moving average forecast model for CECO ENVIRONMENTAL is based on an artificially constructed daily price series in which the value for a given day is replaced by the mean of that value and the values for four preceding and succeeding time periods. This model is best suited to forecast equities with high volatility.

CECO ENVIRONMENTAL 4 Period Moving Average Price Forecast For the 1st of December

Given 90 days horizon, the 4 Period Moving Average forecasted value of CECO ENVIRONMENTAL on the next trading day is expected to be 30.04 with a mean absolute deviation of 0.83, mean absolute percentage error of 1.46, and the sum of the absolute errors of 48.14.

CECO ENVIRONMENTAL Stock Forecast Pattern

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CECO ENVIRONMENTAL Price Prediction

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CECO ENVIRONMENTAL Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of CECO ENVIRONMENTAL stock data series using in forecasting. Note that when a statistical model is used to represent CECO ENVIRONMENTAL stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality. The four period moving average method has an advantage over other forecasting models in that it does smooth out peaks and troughs in a set of daily price observations of CECO ENVIRONMENTAL. However, it also has several disadvantages. In particular this model does not produce an actual prediction equation for CECO ENVIRONMENTAL and therefore, it cannot be a useful forecasting tool for medium or long range price predictions

Predictive Modules for CECO ENVIRONMENTAL

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CECO ENVIRONMENTAL. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.

Hype Prediction Low Estimated High 26.09 29.98 33.87 Details

Intrinsic Valuation Low Real High 19.28 23.17 32.98 Details

Bollinger Band Projection (param) Low Middle High 25.63 28.89 32.15 Details

Other Forecasting Options for CECO ENVIRONMENTAL

For every potential investor in CECO, whether a beginner or expert, CECO ENVIRONMENTAL's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. CECO Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in CECO. Basic forecasting techniques help filter out the noise by identifying CECO ENVIRONMENTAL's price trends.

CECO ENVIRONMENTAL Related Equities

Risk & Return

Correlation

CECO ENVIRONMENTAL 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 CECO ENVIRONMENTAL'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 CECO ENVIRONMENTAL's current price.

CECO ENVIRONMENTAL Market Strength Events

CECO ENVIRONMENTAL Risk Indicators

Additional Tools for CECO Stock Analysis