Bit Digital Stock Forecast - Period Momentum Indicator
| BTBT Stock | USD 4.59 0.02 0.43% |
Bit Stock Forecast is based on your current time horizon.
Bit |
Open Interest Against 2024-12-06 Bit Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Bit Digital'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 Bit Digital's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Bit Digital 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 Bit Digital's open interest, investors have to compare it to Bit Digital'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 Bit Digital 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 Bit. 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 Period Momentum Indicator | Period Momentum Indicator | Trend |
| (0.02) | (0.02) |
| Check Bit Digital Volatility | Backtest Bit Digital | Information Ratio |
Bit Digital Trading Date Momentum
| On December 02 2024 Bit Digital was traded for 4.59 at the closing time. The top price for the day was 4.84 and the lowest listed price was 4.41 . The trading volume for the day was 21.4 M. The trading history from December 2, 2024 did not affect price variability. The overall trading delta against the current closing price is 0.22% . |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
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Other Forecasting Options for Bit Digital
For every potential investor in Bit, whether a beginner or expert, Bit Digital's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Bit Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Bit. Basic forecasting techniques help filter out the noise by identifying Bit Digital's price trends.Bit Digital 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 Bit Digital stock to make a market-neutral strategy. Peer analysis of Bit Digital could also be used in its relative valuation, which is a method of valuing Bit Digital by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Bit Digital 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 Bit Digital'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 Bit Digital's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Bit Digital Market Strength Events
Market strength indicators help investors to evaluate how Bit Digital stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bit Digital shares will generate the highest return on investment. By undertsting and applying Bit Digital stock market strength indicators, traders can identify Bit Digital entry and exit signals to maximize returns.
| Accumulation Distribution | 1.9 M | |||
| Daily Balance Of Power | (0.05) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 4.63 | |||
| Day Typical Price | 4.61 | |||
| Price Action Indicator | (0.04) | |||
| Period Momentum Indicator | (0.02) |
Bit Digital Risk Indicators
The analysis of Bit Digital'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 Bit Digital's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bit 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 | 5.4 | |||
| Semi Deviation | 5.66 | |||
| Standard Deviation | 7.26 | |||
| Variance | 52.64 | |||
| Downside Variance | 36.96 | |||
| Semi Variance | 31.99 | |||
| Expected Short fall | (6.12) |
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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Additional Tools for Bit Stock Analysis
When running Bit Digital's price analysis, check to measure Bit Digital'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 Bit Digital is operating at the current time. Most of Bit Digital's value examination focuses on studying past and present price action to predict the probability of Bit Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bit Digital's price. Additionally, you may evaluate how the addition of Bit Digital to your portfolios can decrease your overall portfolio volatility.