Illinois Tool Stock Forecast - Daily Balance Of Power
| ILT Stock | EUR 244.20 0.80 0.33% |
Illinois Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Illinois Tool's historical fundamentals, such as revenue growth or operating cash flow patterns.
Illinois |
| Check Illinois Tool Volatility | Backtest Illinois Tool | Trend Details |
Illinois Tool Trading Date Momentum
| On August 29 2024 Illinois Tool Works was traded for 220.51 at the closing time. The highest daily price throughout the period was 220.51 and the lowest price was 220.51 . The daily volume was 735. The net trading volume on 08/29/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.76% . The trading delta at closing time to current closing price is 1.47% . |
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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Illinois Tool 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 Illinois Tool stock to make a market-neutral strategy. Peer analysis of Illinois Tool could also be used in its relative valuation, which is a method of valuing Illinois Tool by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Illinois Tool Market Strength Events
Market strength indicators help investors to evaluate how Illinois Tool stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Illinois Tool shares will generate the highest return on investment. By undertsting and applying Illinois Tool stock market strength indicators, traders can identify Illinois Tool Works entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 244.2 | |||
| Day Typical Price | 244.2 | |||
| Price Action Indicator | 0.4 | |||
| Period Momentum Indicator | 0.8 | |||
| Relative Strength Index | 67.78 |
Illinois Tool Risk Indicators
The analysis of Illinois Tool'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 Illinois Tool's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting illinois 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 | 0.7918 | |||
| Semi Deviation | 0.764 | |||
| Standard Deviation | 1.01 | |||
| Variance | 1.01 | |||
| Downside Variance | 0.8008 | |||
| Semi Variance | 0.5837 | |||
| Expected Short fall | (0.89) |
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 Information and Resources on Investing in Illinois Stock
When determining whether Illinois Tool Works is a strong investment it is important to analyze Illinois Tool's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Illinois Tool's future performance. For an informed investment choice regarding Illinois Stock, refer to the following important reports:Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.