Quest Diagnostics Stock Forecast - Daily Balance Of Power
| DGX Stock | USD 155.72 2.74 1.73% |
Quest Stock Forecast is based on your current time horizon.
Quest |
Open Interest Against 2024-12-20 Quest Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Quest Diagnostics' 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 Quest Diagnostics' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Quest Diagnostics 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 Quest Diagnostics' open interest, investors have to compare it to Quest Diagnostics' 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 Quest Diagnostics 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 Quest. 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 |
| (0.34) | 0.567 |
| Check Quest Diagnostics Volatility | Backtest Quest Diagnostics | Trend Details |
Quest Diagnostics Trading Date Momentum
| On November 29 2024 Quest Diagnostics Incorporated was traded for 162.66 at the closing time. Highest Quest Diagnostics's price during the trading hours was 163.77 and the lowest price during the day was 161.67 . The net volume was 427.5 K. The overall trading history on the 29th of November contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 0.40% . The trading delta at closing time to current price is 0.52% . |
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 Quest Diagnostics
For every potential investor in Quest, whether a beginner or expert, Quest Diagnostics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Quest Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Quest. Basic forecasting techniques help filter out the noise by identifying Quest Diagnostics' price trends.Quest Diagnostics 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 Quest Diagnostics stock to make a market-neutral strategy. Peer analysis of Quest Diagnostics could also be used in its relative valuation, which is a method of valuing Quest Diagnostics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Quest Diagnostics 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 Quest Diagnostics' 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 Quest Diagnostics' current price.| Cycle Indicators | ||
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| Volume Indicators |
Quest Diagnostics Market Strength Events
Market strength indicators help investors to evaluate how Quest Diagnostics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Quest Diagnostics shares will generate the highest return on investment. By undertsting and applying Quest Diagnostics stock market strength indicators, traders can identify Quest Diagnostics Incorporated entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0173 | |||
| Daily Balance Of Power | (1.00) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 157.09 | |||
| Day Typical Price | 156.63 | |||
| Market Facilitation Index | 2.74 | |||
| Price Action Indicator | (2.74) | |||
| Period Momentum Indicator | (2.74) | |||
| Relative Strength Index | 60.39 |
Quest Diagnostics Risk Indicators
The analysis of Quest Diagnostics' 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 Quest Diagnostics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting quest 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 | 0.8044 | |||
| Semi Deviation | 0.9558 | |||
| Standard Deviation | 1.26 | |||
| Variance | 1.58 | |||
| Downside Variance | 1.07 | |||
| Semi Variance | 0.9136 | |||
| Expected Short fall | (0.83) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Quest Stock Analysis
When running Quest Diagnostics' price analysis, check to measure Quest Diagnostics' 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 Quest Diagnostics is operating at the current time. Most of Quest Diagnostics' value examination focuses on studying past and present price action to predict the probability of Quest Diagnostics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quest Diagnostics' price. Additionally, you may evaluate how the addition of Quest Diagnostics to your portfolios can decrease your overall portfolio volatility.