Medtronic PLC Stock Forecast - Accumulation Distribution
| MDT Stock | USD 86.54 0.27 0.31% |
Medtronic Stock Forecast is based on your current time horizon.
Medtronic |
Open Interest Against 2024-12-06 Medtronic Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Medtronic PLC's 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 Medtronic PLC's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Medtronic PLC 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 Medtronic PLC's open interest, investors have to compare it to Medtronic PLC's 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 Medtronic PLC 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 Medtronic. 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 Accumulation Distribution | Accumulation Distribution | Trend |
| 142339.0 | 102725.0 |
| Check Medtronic PLC Volatility | Backtest Medtronic PLC | Trend Details |
Medtronic PLC Trading Date Momentum
| On November 11 2024 Medtronic PLC was traded for 88.27 at the closing time. Highest Medtronic PLC's price during the trading hours was 88.82 and the lowest price during the day was 87.75 . The net volume was 4.5 M. The overall trading history on the 11th of November 2024 contributed to the next trading period price appreciation. The trading delta at closing time to the next next day price was 0.63% . The trading delta at closing time to current price is 0.31% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
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Other Forecasting Options for Medtronic PLC
For every potential investor in Medtronic, whether a beginner or expert, Medtronic PLC's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Medtronic Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Medtronic. Basic forecasting techniques help filter out the noise by identifying Medtronic PLC's price trends.Medtronic PLC 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 Medtronic PLC stock to make a market-neutral strategy. Peer analysis of Medtronic PLC could also be used in its relative valuation, which is a method of valuing Medtronic PLC by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Medtronic PLC 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 Medtronic PLC'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 Medtronic PLC's current price.| Cycle Indicators | ||
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| Math Transform | ||
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| Volume Indicators |
Medtronic PLC Market Strength Events
Market strength indicators help investors to evaluate how Medtronic PLC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Medtronic PLC shares will generate the highest return on investment. By undertsting and applying Medtronic PLC stock market strength indicators, traders can identify Medtronic PLC entry and exit signals to maximize returns.
Medtronic PLC Risk Indicators
The analysis of Medtronic PLC'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 Medtronic PLC's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting medtronic 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 | 0.7702 | |||
| Standard Deviation | 1.05 | |||
| Variance | 1.1 |
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 Tools for Medtronic Stock Analysis
When running Medtronic PLC's price analysis, check to measure Medtronic PLC's 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 Medtronic PLC is operating at the current time. Most of Medtronic PLC's value examination focuses on studying past and present price action to predict the probability of Medtronic PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medtronic PLC's price. Additionally, you may evaluate how the addition of Medtronic PLC to your portfolios can decrease your overall portfolio volatility.