MYR Stock Forecast - Daily Balance Of Power
| MYRG Stock | USD 158.90 3.78 2.32% |
MYR Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of MYR's historical fundamentals, such as revenue growth or operating cash flow patterns.
MYR |
Open Interest Against 2024-12-20 MYR Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast MYR'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 MYR's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for MYR 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 MYR's open interest, investors have to compare it to MYR'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 MYR 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 MYR. 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 |
| 0.5874 | 0.1654 |
| Check MYR Volatility | Backtest MYR | Trend Details |
MYR Trading Date Momentum
| On November 07 2024 MYR Group was traded for 145.23 at the closing time. The top price for the day was 150.13 and the lowest listed price was 144.97 . The trading volume for the day was 291.8 K. The trading history from November 7, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 3.02% . The trading delta at closing time against the current closing price is 0.17% . |
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.
| Compare MYR to competition |
Other Forecasting Options for MYR
For every potential investor in MYR, whether a beginner or expert, MYR's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. MYR Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in MYR. Basic forecasting techniques help filter out the noise by identifying MYR's price trends.MYR 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 MYR stock to make a market-neutral strategy. Peer analysis of MYR could also be used in its relative valuation, which is a method of valuing MYR by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
MYR 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 MYR'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 MYR's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
MYR Market Strength Events
Market strength indicators help investors to evaluate how MYR stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MYR shares will generate the highest return on investment. By undertsting and applying MYR stock market strength indicators, traders can identify MYR Group entry and exit signals to maximize returns.
| Accumulation Distribution | 5800.42 | |||
| Daily Balance Of Power | (0.54) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 161.89 | |||
| Day Typical Price | 160.89 | |||
| Market Facilitation Index | 1.0E-4 | |||
| Price Action Indicator | (4.87) | |||
| Period Momentum Indicator | (3.78) |
MYR Risk Indicators
The analysis of MYR'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 MYR's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting myr 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 | 2.0 | |||
| Semi Deviation | 1.13 | |||
| Standard Deviation | 2.82 | |||
| Variance | 7.96 | |||
| Downside Variance | 3.06 | |||
| Semi Variance | 1.27 | |||
| Expected Short fall | (2.51) |
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.
Currently Active Assets on Macroaxis
When determining whether MYR Group is a strong investment it is important to analyze MYR's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MYR's future performance. For an informed investment choice regarding MYR Stock, refer to the following important reports:Check out Historical Fundamental Analysis of MYR to cross-verify your projections. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is Construction & Engineering space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MYR. If investors know MYR will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MYR listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.49) | Earnings Share 2.27 | Revenue Per Share 212.925 | Quarterly Revenue Growth (0.06) | Return On Assets 0.022 |
The market value of MYR Group is measured differently than its book value, which is the value of MYR that is recorded on the company's balance sheet. Investors also form their own opinion of MYR's value that differs from its market value or its book value, called intrinsic value, which is MYR's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MYR's market value can be influenced by many factors that don't directly affect MYR's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MYR's value and its price as these two are different measures arrived at by different means. Investors typically determine if MYR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MYR's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.