Shenzhen Fortune Stock Forecast - Daily Balance Of Power

688318 Stock   189.34  6.54  3.34%   
Shenzhen Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Shenzhen Fortune stock prices and determine the direction of Shenzhen Fortune Trend's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Shenzhen Fortune's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Shenzhen Fortune's Accounts Payable is projected to increase significantly based on the last few years of reporting. The current year's Net Receivables is expected to grow to about 51.9 M, whereas Total Assets are forecasted to decline to about 2.3 B.
On February 5, 2024 Shenzhen Fortune Trend had Daily Balance Of Power of (0.68). Balance of Power indicator (or BOP) measures the strength of Shenzhen Fortune Trend market sensitivity to bulls and bears. It estimates the ability of Shenzhen Fortune buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Shenzhen Fortune Balance of Power indicator one can determine a trend of the price direction.
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Shenzhen Fortune Trading Date Momentum

On February 06 2024 Shenzhen Fortune Trend was traded for  102.00  at the closing time. The highest price during the trading period was 102.79  and the lowest recorded bid was listed for  89.10 . The volume for the day was 3.4 M. This history from February 6, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 12.26% . The trading price change to the current price is 16.66% .
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 Shenzhen Fortune

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

Shenzhen Fortune 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 Shenzhen Fortune stock to make a market-neutral strategy. Peer analysis of Shenzhen Fortune could also be used in its relative valuation, which is a method of valuing Shenzhen Fortune by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Shenzhen Fortune Trend 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 Shenzhen Fortune'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 Shenzhen Fortune's current price.

Shenzhen Fortune Market Strength Events

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

Shenzhen Fortune Risk Indicators

The analysis of Shenzhen Fortune'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 Shenzhen Fortune's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting shenzhen 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.
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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Other Information on Investing in Shenzhen Stock

Shenzhen Fortune financial ratios help investors to determine whether Shenzhen 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 Shenzhen with respect to the benefits of owning Shenzhen Fortune security.