Why Should You Check Favorite Prices of Investors on Stocks?
The investors’ favorite prices are either a standalone price or a range of prices with the highest volume and the greatest number of trades.
Let me respond to that question with more questions.
Imagine you’re on the verge of buying the stock. If the dominant prices are closer to the intraday low than the intraday high, will you rush into buying, or will you wait a bit longer because the price is likely to continue moving downward?
Now, consider you’re about to realize your gains, even though your trailing stop is still in place. If the dominant prices are closer to the intraday high than the intraday low, will you rush into selling, or will you wait a bit longer because the price is likely to continue moving upward?
Picture this: it’s been 60 minutes since the opening bell. If the current price is at the intraday high itself, but the dominant prices include the intraday low, wouldn’t that make you question the sustainability of the intraday bullishness?
I’ve only presented you with three scenarios where understanding the location of investors’s favorite prices is useful in decision-making. There’s a lot more we can discuss in my stock investment consultancy service. Learn about the requirements here.
Here are the investors’ favorite prices for 10 most active stocks of September 5, 2023.
BPI
Dominant Range Index: BEARISH
Last Price: 103.80
VWAP: 104.01
Dominant Range: 103.40 – 104.50
BDO
Dominant Range Index: BEARISH
Last Price: 139.10
VWAP: 138.50
Dominant Range: 138 – 138.40
GTCAP
Dominant Range Index: BULLISH
Last Price: 581
VWAP: 578.89
Dominant Range: 580 – 580
BLOOM
Dominant Range Index: BEARISH
Last Price: 11.16
VWAP: 10.93
Dominant Range: 10.80 – 10.92
AC
Dominant Range Index: BULLISH
Last Price: 626.00
VWAP: 623.70
Dominant Range: 625.00 – 627.00
ICT
Dominant Range Index: BEARISH
Last Price: 204.60
VWAP: 205.40
Dominant Range: 204.40 – 206.00
RLC
Dominant Range Index: BULLISH
Last Price: 15.02
VWAP: 15.04
Dominant Range: 14.98 – 15.08
MPI
Dominant Range Index: BULLISH
Last Price: 5.11
VWAP: 5.12
Dominant Range: 5.10 – 5.16
TEL
Dominant Range Index: BULLISH
Last Price: 1203.00
VWAP: 1,200.34
Dominant Range: 1201.00 – 1205.00
MONDE
Dominant Range Index: BULLISH
Last Price: 7.56
VWAP: 7.46
Dominant Range: 7.40 – 7.55
Which of the 10 Most Active Stocks of September 5, 2023 Do You Already Have?
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