Sun Life Stock Forecast - Daily Balance Of Power
| SLF Stock | USD 60.73 0.34 0.56% |
Sun Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Sun Life's historical fundamentals, such as revenue growth or operating cash flow patterns.
Sun |
Open Interest Against 2024-12-20 Sun Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Sun Life'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 Sun Life's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Sun Life 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 Sun Life's open interest, investors have to compare it to Sun Life'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 Sun Life 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 Sun. 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 Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.47) | 0.8538 |
| Check Sun Life Volatility | Backtest Sun Life | Trend Details |
Sun Life Trading Date Momentum
| On August 14 2024 Sun Life Financial was traded for 49.92 at the closing time. Highest Sun Life's price during the trading hours was 50.11 and the lowest price during the day was 49.49 . The net volume was 466 K. The overall trading history on the 14th of August 2024 contributed to the next trading period price rise. The trading price change to the next next day price was 0.91% . The trading price change to current price is 3.68% . |
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 Sun Life to competition |
Other Forecasting Options for Sun Life
For every potential investor in Sun, whether a beginner or expert, Sun Life's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Sun Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Sun. Basic forecasting techniques help filter out the noise by identifying Sun Life's price trends.Sun Life 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 Sun Life stock to make a market-neutral strategy. Peer analysis of Sun Life could also be used in its relative valuation, which is a method of valuing Sun Life by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Sun Life Financial 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 Sun Life'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 Sun Life's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
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| Volatility Indicators | ||
| Volume Indicators |
Sun Life Market Strength Events
Market strength indicators help investors to evaluate how Sun Life stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sun Life shares will generate the highest return on investment. By undertsting and applying Sun Life stock market strength indicators, traders can identify Sun Life Financial entry and exit signals to maximize returns.
| Accumulation Distribution | 6194.12 | |||
| Daily Balance Of Power | (0.43) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 61.08 | |||
| Day Typical Price | 60.97 | |||
| Price Action Indicator | (0.53) | |||
| Period Momentum Indicator | (0.34) | |||
| Relative Strength Index | 69.48 |
Sun Life Risk Indicators
The analysis of Sun Life'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 Sun Life's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sun 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 | 0.6418 | |||
| Semi Deviation | 0.446 | |||
| Standard Deviation | 0.8608 | |||
| Variance | 0.741 | |||
| Downside Variance | 0.4858 | |||
| Semi Variance | 0.199 | |||
| Expected Short fall | (0.77) |
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.
Currently Active Assets on Macroaxis
When determining whether Sun Life Financial is a strong investment it is important to analyze Sun Life'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 Sun Life's future performance. For an informed investment choice regarding Sun Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Sun Life to cross-verify your projections. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Is Life & Health Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sun Life. If investors know Sun will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sun Life listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.567 | Dividend Share 3.18 | Earnings Share 4.32 | Revenue Per Share 55.991 | Quarterly Revenue Growth 0.077 |
The market value of Sun Life Financial is measured differently than its book value, which is the value of Sun that is recorded on the company's balance sheet. Investors also form their own opinion of Sun Life's value that differs from its market value or its book value, called intrinsic value, which is Sun Life's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sun Life's market value can be influenced by many factors that don't directly affect Sun Life's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sun Life's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sun Life is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sun Life's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.