CNOOC Stock Forecast - Price Action Indicator

NC2B Stock  EUR 2.18  0.00  0.00%   
CNOOC Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of CNOOC's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
On December 19, 2024 CNOOC had Price Action Indicator of 0. Price Action indicator evaluates an asset for a given trading period using the following formula: ((close - open) + (close - high) + (close - low)) / 2. This indicator is consistent with the interpretation of Japanese candlestick patterns.
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CNOOC Trading Date Momentum

On December 22 2024 CNOOC was traded for  2.18  at the closing time. The maximum traded price for the trading interval was 2.18  and the lowest daily price was  2.18 . There was no trading activity during the period 0.0. Lack of trading volume on 22nd of December 2024 did not affect price variability. The overall trading delta to the closing price today is 0.00% .
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
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Other Forecasting Options for CNOOC

For every potential investor in CNOOC, whether a beginner or expert, CNOOC's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. CNOOC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in CNOOC. Basic forecasting techniques help filter out the noise by identifying CNOOC's price trends.

CNOOC 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 CNOOC stock to make a market-neutral strategy. Peer analysis of CNOOC could also be used in its relative valuation, which is a method of valuing CNOOC by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

CNOOC 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 CNOOC'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 CNOOC's current price.

CNOOC Market Strength Events

Market strength indicators help investors to evaluate how CNOOC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CNOOC shares will generate the highest return on investment. By undertsting and applying CNOOC stock market strength indicators, traders can identify CNOOC entry and exit signals to maximize returns.

CNOOC Risk Indicators

The analysis of CNOOC'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 CNOOC's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cnooc 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.
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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Other Information on Investing in CNOOC Stock

CNOOC financial ratios help investors to determine whether CNOOC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CNOOC with respect to the benefits of owning CNOOC security.