On April 3, 2023 Logility Supply Chain had Daily Balance Of Power of (0.58). Balance of Power indicator (or BOP) measures the strength of Logility Supply Chain market sensitivity to bulls and bears. It estimates the ability of Logility Supply buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Logility Supply Balance of Power indicator one can determine a trend of the price direction.
On April 04 2023 Logility Supply Chain was traded for 11.51 at the closing time. The top price for the day was 11.66 and the lowest listed price was 11.45 . The trading volume for the day was 188.5 K. The trading history from April 4, 2023 did not cause price change. The trading delta at closing time against the current closing price is 2.09% .
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.
For every potential investor in Logility, whether a beginner or expert, Logility Supply's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Logility Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Logility. Basic forecasting techniques help filter out the noise by identifying Logility Supply's price trends.
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 Logility Supply stock to make a market-neutral strategy. Peer analysis of Logility Supply could also be used in its relative valuation, which is a method of valuing Logility Supply by comparing valuation metrics with similar companies.
Logility Supply Chain 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 Logility Supply'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 Logility Supply's current price.
Market strength indicators help investors to evaluate how Logility Supply stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Logility Supply shares will generate the highest return on investment. By undertsting and applying Logility Supply stock market strength indicators, traders can identify Logility Supply Chain entry and exit signals to maximize returns.