10X Genomics Stock Forecast - Period Momentum Indicator
| TXG Stock | USD 27.48 1.19 4.53% |
10X Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast 10X Genomics stock prices and determine the direction of 10X Genomics's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of 10X Genomics' historical fundamentals, such as revenue growth or operating cash flow patterns. Although 10X Genomics' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of 10X Genomics' systematic risk associated with finding meaningful patterns of 10X Genomics fundamentals over time.
Check out Historical Fundamental Analysis of 10X Genomics to cross-verify your projections. 10X |
Open Interest Against 2024-05-17 10X Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast 10X Genomics' 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 10X Genomics' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for 10X Genomics 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 10X Genomics' open interest, investors have to compare it to 10X Genomics' 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 10X Genomics 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 10X. 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.
Most investors in 10X Genomics 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 10X Genomics' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets 10X Genomics' price structures and extracts relationships that further increase the generated results' accuracy.
Momentum indicator evaluates the difference between todays closing price and the close price n periods ago. It is the velocity with which the price is rising or falling. It also reflects how aggressively the asset is purchased or sold by the public.| Check 10X Genomics Volatility | Backtest 10X Genomics | Information Ratio |
10X Genomics Trading Date Momentum
| On May 03 2024 10X Genomics was traded for 27.48 at the closing time. Highest 10X Genomics's price during the trading hours was 27.92 and the lowest price during the day was 26.98 . The net volume was 2.4 M. The overall trading history on the 3rd of May had no effect on price fluctuation. The daily price change to current price is 0.55% . |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
| Compare 10X Genomics to competition |
Other Forecasting Options for 10X Genomics
For every potential investor in 10X, whether a beginner or expert, 10X Genomics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. 10X Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in 10X. Basic forecasting techniques help filter out the noise by identifying 10X Genomics' price trends.10X Genomics 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 10X Genomics stock to make a market-neutral strategy. Peer analysis of 10X Genomics could also be used in its relative valuation, which is a method of valuing 10X Genomics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
10X Genomics 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 10X Genomics' 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 10X Genomics' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
10X Genomics Market Strength Events
Market strength indicators help investors to evaluate how 10X Genomics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 10X Genomics shares will generate the highest return on investment. By undertsting and applying 10X Genomics stock market strength indicators, traders can identify 10X Genomics entry and exit signals to maximize returns.
| Accumulation Distribution | 80290.95 | |||
| Daily Balance Of Power | 1.265957 | |||
| Rate Of Daily Change | 1.05 | |||
| Day Median Price | 27.45 | |||
| Day Typical Price | 27.46 | |||
| Price Action Indicator | 0.63 | |||
| Period Momentum Indicator | 1.19 | |||
| Relative Strength Index | 33.08 |
10X Genomics Risk Indicators
The analysis of 10X Genomics' 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 10X Genomics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting 10x 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 | 2.28 | |||
| Standard Deviation | 2.91 | |||
| Variance | 8.46 |
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.
10X Genomics Investors Sentiment
The influence of 10X Genomics' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in 10X. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to 10X Genomics' public news can be used to forecast risks associated with an investment in 10X. The trend in average sentiment can be used to explain how an investor holding 10X can time the market purely based on public headlines and social activities around 10X Genomics. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
10X Genomics' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for 10X Genomics' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average 10X Genomics' news discussions. The higher the estimated score, the more favorable is the investor's outlook on 10X Genomics.
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 10X Genomics 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, 10X Genomics' short interest history, or implied volatility extrapolated from 10X Genomics options trading.
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Check out Historical Fundamental Analysis of 10X Genomics to cross-verify your projections. For more detail on how to invest in 10X Stock please use our How to Invest in 10X Genomics guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for 10X Stock analysis
When running 10X Genomics' price analysis, check to measure 10X Genomics' 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 10X Genomics is operating at the current time. Most of 10X Genomics' value examination focuses on studying past and present price action to predict the probability of 10X Genomics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 10X Genomics' price. Additionally, you may evaluate how the addition of 10X Genomics to your portfolios can decrease your overall portfolio volatility.
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Is 10X Genomics' 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 10X Genomics. If investors know 10X 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 10X Genomics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.24) | Revenue Per Share 5.296 | Quarterly Revenue Growth 0.05 | Return On Assets (0.13) | Return On Equity (0.35) |
The market value of 10X Genomics is measured differently than its book value, which is the value of 10X that is recorded on the company's balance sheet. Investors also form their own opinion of 10X Genomics' value that differs from its market value or its book value, called intrinsic value, which is 10X Genomics' 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 10X Genomics' market value can be influenced by many factors that don't directly affect 10X Genomics' 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 10X Genomics' value and its price as these two are different measures arrived at by different means. Investors typically determine if 10X Genomics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 10X Genomics' 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.