Transocean Stock Forecast - Daily Balance Of Power
| RIG Stock | USD 3.98 0.04 1.00% |
Transocean Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Transocean's historical fundamentals, such as revenue growth or operating cash flow patterns.
Transocean |
Open Interest Against 2024-12-13 Transocean Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Transocean'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 Transocean's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Transocean 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 Transocean's open interest, investors have to compare it to Transocean'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 Transocean 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 Transocean. 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 |
| 0.2667 | (0.60) |
| Check Transocean Volatility | Backtest Transocean | Trend Details |
Transocean Trading Date Momentum
| On November 13 2024 Transocean was traded for 4.24 at the closing time. Highest Transocean's price during the trading hours was 4.34 and the lowest price during the day was 4.17 . The net volume was 17.7 M. The overall trading history on the 13th of November 2024 contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 1.17% . The trading price change to current price is 0.23% . |
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 Transocean to competition |
Other Forecasting Options for Transocean
For every potential investor in Transocean, whether a beginner or expert, Transocean's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Transocean Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Transocean. Basic forecasting techniques help filter out the noise by identifying Transocean's price trends.Transocean 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 Transocean stock to make a market-neutral strategy. Peer analysis of Transocean could also be used in its relative valuation, which is a method of valuing Transocean by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Transocean 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 Transocean'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 Transocean's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Transocean Market Strength Events
Market strength indicators help investors to evaluate how Transocean stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Transocean shares will generate the highest return on investment. By undertsting and applying Transocean stock market strength indicators, traders can identify Transocean entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 3.98 | |||
| Day Typical Price | 3.98 | |||
| Price Action Indicator | (0.02) | |||
| Period Momentum Indicator | (0.04) |
Transocean Risk Indicators
The analysis of Transocean'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 Transocean's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting transocean 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 | 2.47 | |||
| Standard Deviation | 3.17 | |||
| Variance | 10.06 |
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 Transocean is a strong investment it is important to analyze Transocean'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 Transocean's future performance. For an informed investment choice regarding Transocean Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Transocean to cross-verify your projections. For more detail on how to invest in Transocean Stock please use our How to Invest in Transocean guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Is Energy Equipment & Services 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 Transocean. If investors know Transocean 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 Transocean listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.76) | Revenue Per Share 3.983 | Quarterly Revenue Growth 0.33 | Return On Assets 0.0061 | Return On Equity (0.06) |
The market value of Transocean is measured differently than its book value, which is the value of Transocean that is recorded on the company's balance sheet. Investors also form their own opinion of Transocean's value that differs from its market value or its book value, called intrinsic value, which is Transocean'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 Transocean's market value can be influenced by many factors that don't directly affect Transocean'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 Transocean's value and its price as these two are different measures arrived at by different means. Investors typically determine if Transocean is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Transocean'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.