Altamira Gold Stock Forecast - Daily Balance Of Power

ALTA Stock  CAD 0.12  0.01  7.69%   
Altamira Stock Forecast is based on your current time horizon.
  
At this time, Altamira Gold's Receivables Turnover is fairly stable compared to the past year. Fixed Asset Turnover is likely to climb to 0.72 in 2024, despite the fact that Inventory Turnover is likely to grow to (1.46). . Common Stock Shares Outstanding is likely to climb to about 187.9 M in 2024, whereas Net Loss is likely to drop (603.3 K) in 2024.
Altamira Gold Corp has current Daily Balance Of Power of (1.00). Balance of Power indicator (or BOP) measures the strength of Altamira Gold Corp market sensitivity to bulls and bears. It estimates the ability of Altamira Gold buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Altamira Gold Balance of Power indicator one can determine a trend of the price direction.
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Altamira Gold Trading Date Momentum

On December 11 2024 Altamira Gold Corp was traded for  0.12  at the closing time. The maximum traded price for the trading interval was 0.13  and the lowest daily price was  0.12 . There was no trading activity during the period 0.0. Lack of trading volume on 11th of December 2024 did not affect price variability. The overall trading delta to the closing price today is 8.33% .
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 Altamira Gold

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

Altamira Gold 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 Altamira Gold stock to make a market-neutral strategy. Peer analysis of Altamira Gold could also be used in its relative valuation, which is a method of valuing Altamira Gold by comparing valuation metrics with similar companies.
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Altamira Gold Corp 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 Altamira Gold'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 Altamira Gold's current price.

Altamira Gold Market Strength Events

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

Altamira Gold Risk Indicators

The analysis of Altamira Gold'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 Altamira Gold's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting altamira 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.

Thematic Opportunities

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Additional Tools for Altamira Stock Analysis

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