Golden Long Stock Forecast - Price Action Indicator
| 3188 Stock | TWD 27.30 0.75 2.67% |
Golden Stock Forecast is based on your current time horizon.
Golden |
| Check Golden Long Volatility | Backtest Golden Long | Trend Details |
Golden Long Trading Date Momentum
| On December 03 2024 Golden Long Teng was traded for 29.25 at the closing time. The highest price during the trading period was 30.20 and the lowest recorded bid was listed for 29.25 . The volume for the day was 523.3 K. This history from December 3, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.52% . The overall trading delta to the current price is 3.03% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
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Other Forecasting Options for Golden Long
For every potential investor in Golden, whether a beginner or expert, Golden Long's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Golden Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Golden. Basic forecasting techniques help filter out the noise by identifying Golden Long's price trends.Golden Long 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 Golden Long stock to make a market-neutral strategy. Peer analysis of Golden Long could also be used in its relative valuation, which is a method of valuing Golden Long by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Golden Long Teng 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 Golden Long'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 Golden Long's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Golden Long Market Strength Events
Market strength indicators help investors to evaluate how Golden Long stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Golden Long shares will generate the highest return on investment. By undertsting and applying Golden Long stock market strength indicators, traders can identify Golden Long Teng entry and exit signals to maximize returns.
| Accumulation Distribution | 5846.48 | |||
| Daily Balance Of Power | (0.83) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 27.7 | |||
| Day Typical Price | 27.57 | |||
| Price Action Indicator | (0.77) | |||
| Period Momentum Indicator | (0.75) |
Golden Long Risk Indicators
The analysis of Golden Long'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 Golden Long's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting golden 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 | 1.72 | |||
| Standard Deviation | 2.19 | |||
| Variance | 4.82 |
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.
Pair Trading with Golden Long
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Golden Long position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Golden Long will appreciate offsetting losses from the drop in the long position's value.Moving together with Golden Stock
Moving against Golden Stock
| 0.79 | 8240 | Wah Hong Industrial | PairCorr |
| 0.75 | 2881A | Fubon Financial Holding | PairCorr |
| 0.74 | 2882B | Cathay Financial Holding | PairCorr |
| 0.69 | 9904 | Pou Chen Corp | PairCorr |
| 0.68 | 3041 | ALi Corp Split | PairCorr |
The ability to find closely correlated positions to Golden Long could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Golden Long when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Golden Long - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Golden Long Teng to buy it.
The correlation of Golden Long is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Golden Long moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Golden Long Teng moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Golden Long can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Golden Stock Analysis
When running Golden Long's price analysis, check to measure Golden Long'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 Golden Long is operating at the current time. Most of Golden Long's value examination focuses on studying past and present price action to predict the probability of Golden Long's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Golden Long's price. Additionally, you may evaluate how the addition of Golden Long to your portfolios can decrease your overall portfolio volatility.