DermTech Stock Forecast - Daily Balance Of Power
| DMTKDelisted Stock | USD 0.04 0.02 71.36% |
DermTech Stock Forecast is based on your current time horizon.
DermTech |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.50) | 0.1111 |
| Check DermTech Volatility | Backtest DermTech | Trend Details |
DermTech Trading Date Momentum
| On January 02 2024 DermTech was traded for 1.66 at the closing time. The top price for the day was 1.78 and the lowest listed price was 1.62 . The trading volume for the day was 329.4 K. The trading history from January 2, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 5.14% . The overall trading delta against the current closing price is 2.86% . |
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.
Compare DermTech to competition
DermTech 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 DermTech stock to make a market-neutral strategy. Peer analysis of DermTech could also be used in its relative valuation, which is a method of valuing DermTech by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
DermTech Market Strength Events
Market strength indicators help investors to evaluate how DermTech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading DermTech shares will generate the highest return on investment. By undertsting and applying DermTech stock market strength indicators, traders can identify DermTech entry and exit signals to maximize returns.
| Accumulation Distribution | 0.48 | |||
| Daily Balance Of Power | 0.7716 | |||
| Rate Of Daily Change | 1.71 | |||
| Day Median Price | 0.0312 | |||
| Day Typical Price | 0.0329 | |||
| Market Facilitation Index | 0.0197 | |||
| Price Action Indicator | 0.0129 | |||
| Period Momentum Indicator | 0.0152 |
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Other Consideration for investing in DermTech Stock
If you are still planning to invest in DermTech check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the DermTech's history and understand the potential risks before investing.
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