Allegheny Technologies Stock Forecast - Potential Upside
| ATI Stock | USD 60.12 0.51 0.84% |
Allegheny Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Allegheny Technologies' historical fundamentals, such as revenue growth or operating cash flow patterns.
Allegheny |
Open Interest Against 2024-12-20 Allegheny Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Allegheny Technologies' 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 Allegheny Technologies' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Allegheny Technologies 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 Allegheny Technologies' open interest, investors have to compare it to Allegheny Technologies' 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 Allegheny Technologies 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 Allegheny. 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.
| Check Allegheny Technologies Volatility | Backtest Allegheny Technologies | Information Ratio |
Allegheny Technologies Trading Date Momentum
| On November 27 2024 Allegheny Technologies Incorporated was traded for 60.12 at the closing time. Highest Allegheny Technologies's price during the trading hours was 61.20 and the lowest price during the day was 59.77 . The net volume was 734.4 K. The overall trading history on the 27th of November did not affect price variability. The overall trading delta to current price is 1.15% . |
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Other Forecasting Options for Allegheny Technologies
For every potential investor in Allegheny, whether a beginner or expert, Allegheny Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Allegheny Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Allegheny. Basic forecasting techniques help filter out the noise by identifying Allegheny Technologies' price trends.Allegheny Technologies 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 Allegheny Technologies stock to make a market-neutral strategy. Peer analysis of Allegheny Technologies could also be used in its relative valuation, which is a method of valuing Allegheny Technologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Allegheny Technologies 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 Allegheny Technologies' 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 Allegheny Technologies' current price.| Cycle Indicators | ||
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| Volume Indicators |
Allegheny Technologies Market Strength Events
Market strength indicators help investors to evaluate how Allegheny Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Allegheny Technologies shares will generate the highest return on investment. By undertsting and applying Allegheny Technologies stock market strength indicators, traders can identify Allegheny Technologies Incorporated entry and exit signals to maximize returns.
| Accumulation Distribution | 17160.33 | |||
| Daily Balance Of Power | (0.36) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 60.49 | |||
| Day Typical Price | 60.36 | |||
| Price Action Indicator | (0.62) | |||
| Period Momentum Indicator | (0.51) | |||
| Relative Strength Index | 47.19 |
Allegheny Technologies Risk Indicators
The analysis of Allegheny Technologies' 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 Allegheny Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting allegheny 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 | 1.53 | |||
| Standard Deviation | 2.32 | |||
| Variance | 5.4 |
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 Allegheny Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Allegheny Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Allegheny Technologies Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Allegheny Technologies Incorporated Stock:Check out Historical Fundamental Analysis of Allegheny Technologies 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 Metals & Mining 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 Allegheny Technologies. If investors know Allegheny 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 Allegheny Technologies 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 (0.07) | Earnings Share 2.6 | Revenue Per Share 33.577 | Quarterly Revenue Growth 0.025 | Return On Assets 0.0557 |
The market value of Allegheny Technologies is measured differently than its book value, which is the value of Allegheny that is recorded on the company's balance sheet. Investors also form their own opinion of Allegheny Technologies' value that differs from its market value or its book value, called intrinsic value, which is Allegheny Technologies' 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 Allegheny Technologies' market value can be influenced by many factors that don't directly affect Allegheny Technologies' 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 Allegheny Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegheny Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegheny Technologies' 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.