EON Resources Stock Forecast - Daily Balance Of Power
| EONR Stock | 0.75 0.10 15.38% |
EON Stock Forecast is based on your current time horizon. Although EON Resources' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of EON Resources' systematic risk associated with finding meaningful patterns of EON Resources fundamentals over time.
EON |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.4375 | (0.53) |
| Check EON Resources Volatility | Backtest EON Resources | Trend Details |
EON Resources Trading Date Momentum
| On November 04 2024 EON Resources was traded for 1.22 at the closing time. The top price for the day was 1.24 and the lowest listed price was 1.15 . The trading volume for the day was 573 K. The trading history from November 4, 2024 was a factor to the next trading day price gain. The overall trading delta against the next closing price was 3.39% . The overall trading delta against the current closing price is 0.00% . |
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 EON Resources to competition |
Other Forecasting Options for EON Resources
For every potential investor in EON, whether a beginner or expert, EON Resources' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. EON Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in EON. Basic forecasting techniques help filter out the noise by identifying EON Resources' price trends.EON Resources 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 EON Resources stock to make a market-neutral strategy. Peer analysis of EON Resources could also be used in its relative valuation, which is a method of valuing EON Resources by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
EON Resources 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 EON Resources' 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 EON Resources' current price.| Cycle Indicators | ||
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| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
EON Resources Market Strength Events
Market strength indicators help investors to evaluate how EON Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading EON Resources shares will generate the highest return on investment. By undertsting and applying EON Resources stock market strength indicators, traders can identify EON Resources entry and exit signals to maximize returns.
EON Resources Risk Indicators
The analysis of EON Resources' 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 EON Resources' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eon 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 | 7.97 | |||
| Semi Deviation | 9.53 | |||
| Standard Deviation | 16.88 | |||
| Variance | 285.07 | |||
| Downside Variance | 110.81 | |||
| Semi Variance | 90.81 | |||
| Expected Short fall | (8.92) |
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 EON Resources
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 EON Resources 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 EON Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with EON Stock
Moving against EON Stock
| 0.81 | BKV | BKV Corporation | PairCorr |
| 0.79 | CRK | Comstock Resources | PairCorr |
| 0.76 | DEC | Diversified Energy | PairCorr |
| 0.69 | EP | Empire Petroleum Corp | PairCorr |
| 0.67 | VIST | Vista Oil Gas | PairCorr |
The ability to find closely correlated positions to EON Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EON Resources 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 EON Resources - 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 EON Resources to buy it.
The correlation of EON Resources 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 EON Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EON Resources 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 EON Resources 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 EON Stock Analysis
When running EON Resources' price analysis, check to measure EON Resources' 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 EON Resources is operating at the current time. Most of EON Resources' value examination focuses on studying past and present price action to predict the probability of EON Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EON Resources' price. Additionally, you may evaluate how the addition of EON Resources to your portfolios can decrease your overall portfolio volatility.