Oncolytics Biotech Stock Forecast - Daily Balance Of Power
| ONC Stock | CAD 1.47 0.02 1.34% |
Oncolytics Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Oncolytics Biotech stock prices and determine the direction of Oncolytics Biotech's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Oncolytics Biotech's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Oncolytics Biotech's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Oncolytics Biotech's systematic risk associated with finding meaningful patterns of Oncolytics Biotech fundamentals over time.
Check out Historical Fundamental Analysis of Oncolytics Biotech to cross-verify your projections. Oncolytics |
Most investors in Oncolytics Biotech cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Oncolytics Biotech's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Oncolytics Biotech's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Oncolytics Biotech market sensitivity to bulls and bears. It estimates the ability of Oncolytics Biotech buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Oncolytics Biotech Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.25) | (0.50) |
| Check Oncolytics Biotech Volatility | Backtest Oncolytics Biotech | Information Ratio |
Oncolytics Biotech Trading Date Momentum
| On April 28 2024 Oncolytics Biotech was traded for 1.47 at the closing time. The maximum traded price for the trading interval was 1.49 and the lowest daily price was 1.45 . There was no trading activity during the period 0.0. Lack of trading volume on 28th of April 2024 did not cause price change. The trading delta at closing time to the closing price today is 0.68% . |
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 Oncolytics Biotech to competition |
Other Forecasting Options for Oncolytics Biotech
For every potential investor in Oncolytics, whether a beginner or expert, Oncolytics Biotech's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Oncolytics Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Oncolytics. Basic forecasting techniques help filter out the noise by identifying Oncolytics Biotech's price trends.Oncolytics Biotech 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 Oncolytics Biotech stock to make a market-neutral strategy. Peer analysis of Oncolytics Biotech could also be used in its relative valuation, which is a method of valuing Oncolytics Biotech by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Oncolytics Biotech 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 Oncolytics Biotech'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 Oncolytics Biotech's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Oncolytics Biotech Market Strength Events
Market strength indicators help investors to evaluate how Oncolytics Biotech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Oncolytics Biotech shares will generate the highest return on investment. By undertsting and applying Oncolytics Biotech stock market strength indicators, traders can identify Oncolytics Biotech entry and exit signals to maximize returns.
Oncolytics Biotech Risk Indicators
The analysis of Oncolytics Biotech'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 Oncolytics Biotech's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting oncolytics 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 | 3.19 | |||
| Standard Deviation | 4.87 | |||
| Variance | 23.69 |
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.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Oncolytics Biotech to cross-verify your projections. To learn how to invest in Oncolytics Stock, please use our How to Invest in Oncolytics Biotech guide.Note that the Oncolytics Biotech information on this page should be used as a complementary analysis to other Oncolytics Biotech's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Oncolytics Stock analysis
When running Oncolytics Biotech's price analysis, check to measure Oncolytics Biotech'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 Oncolytics Biotech is operating at the current time. Most of Oncolytics Biotech's value examination focuses on studying past and present price action to predict the probability of Oncolytics Biotech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oncolytics Biotech's price. Additionally, you may evaluate how the addition of Oncolytics Biotech to your portfolios can decrease your overall portfolio volatility.
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Bonds Directory Find actively traded corporate debentures issued by US companies |