Day Typical Price Indicator

Typical Price is calculated as arithmetic average of the high, low and closing price for a given trading period.Investors can use prediction functions to forecast historical stock prices and determine the direction of financial instruments such as stocks, funds, or ETFs's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of historical fundamentals such as revenue growth or operating cash flow patterns. Check out Investing Opportunities.

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Typical Price is calculated as arithmetic average of the high, low and closing price for a given trading period.
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.

Day Typical Price In A Nutshell

Using the day typical price can allow you to begin plotting ranges and areas where price wants to be on average. Of course there are many different indicators and tools out there already that help you find the range, but this data set could help you pinpoint where you think price should be even more.

Day typical price is taking the average of the price for that day, which can be used in many different ways. First, knowing the average daily price can help for mid to long term investors, as they may being to pick up on price patterns.

Closer Look at Day Typical Price

First, taking the average price of the day for the last 30 days can give you a picture of where the stock has been. Taking that a stretching it to 60 and 90 days can allow you to draw trends. This is similar to the simple moving averages, giving you points where you could implement mean reversion. A disadvantage that this has is it utilizes past data and does not have an way of looking forward. Technically speaking, you many want to find support and resistance levels, but it is difficult to have forward looking data with price average.

Secondly, you can use this data to possible find standard deviations and other sets that can paint another type of picture. Be sure to not get caught up in the past because if you are looking to invest, you want to see where the company is going to go, not where it has been. Many people get romantic about the past, which serves only so much purpose in your research.

Lastly, price only tells so much of the story, because there are many different factors that generate the current stock price. You must look under the hood to find what is driving the average prices for the day and know if it is going to affect it going forward. Again, be sure to keep looking forward because you want the average price to grow.

Daily typical price certainly has its place, but should be used in conjunction with your already existing strategies. Implement it with what you are already doing and see if it brings you any value. Reach out to investment communities and see if they are using it and if it is worth the time. When in doubt, test your ideas on a demo account and go from there, that way you build up confidence.

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Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page