Renesola Stock Forecast - Daily Balance Of Power

SOL
 Stock
  

USD 5.12  0.05  0.97%   

Renesola Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Renesola historical stock prices and determine the direction of Renesola Ltd ADR's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Renesola historical fundamentals such as revenue growth or operating cash flow patterns.
Additionally, take a look at Historical Fundamental Analysis of Renesola to cross-verify your projections.
  

Open Interest Agains t 2022-10-21 Renesola Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Renesola'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 Renesola's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Renesola stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current Renesola's open interest, investors have to compare it to Renesola'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 Renesola 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 Renesola. 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.
Renesola Ltd ADR has current Daily Balance Of Power of (0.19).
Most investors in Renesola 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 Renesola's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Renesola's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Renesola Ltd ADR market sensitivity to bulls and bears. It estimates the ability of Renesola buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Renesola Balance of Power indicator one can determine a trend of the price direction.
  Previous Daily Balance Of PowerDaily Balance Of PowerTrend
(0.41)(0.19)
Check Renesola VolatilityBacktest RenesolaInformation Ratio  

Renesola Trading Date Momentum

On September 25 2022 Renesola Ltd ADR was traded for  5.12  at the closing time. Highest Renesola's price during the trading hours was 5.23  and the lowest price during the day was  4.96 . The net volume was 630.9 K. The overall trading history on the 25th of September did not cause price change. The trading delta at closing time to current price is 2.15% .
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.
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Other Forecasting Options for Renesola

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

Renesola 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 Renesola stock to make a market-neutral strategy. Peer analysis of Renesola could also be used in its relative valuation, which is a method of valuing Renesola by comparing valuation metrics with similar companies.
BUSHVELD MINERALS LTDAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 CoveredFranklin Mutual EuropeanNatural Hlth TrdUSA Value FactorBetapro Canadian GoldAramark Holdings CorpLong-Term Govt BondMaiden Holdings NorthSeagate Technology HldgsVistra Energy CorpExxon Mobil Corp
 Risk & Return  Correlation

Renesola ADR 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 Renesola'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 Renesola's current price.

Renesola Market Strength Events

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

Renesola Risk Indicators

The analysis of Renesola's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Renesola's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Renesola stock price, 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 stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Renesola in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Renesola's short interest history, or implied volatility extrapolated from Renesola options trading.

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Additionally, take a look at Historical Fundamental Analysis of Renesola to cross-verify your projections. You can also try CEO Directory module to screen CEOs from public companies around the world.

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Is Renesola's industry 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 Renesola. If investors know Renesola 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 Renesola listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Renesola ADR is measured differently than its book value, which is the value of Renesola that is recorded on the company's balance sheet. Investors also form their own opinion of Renesola's value that differs from its market value or its book value, called intrinsic value, which is Renesola'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 Renesola's market value can be influenced by many factors that don't directly affect Renesola'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 Renesola's value and its price as these two are different measures arrived at by different means. Investors typically determine Renesola value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Renesola'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.