Unknown Indicator
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.
Other Indicators
All Technical Analysis
Generate Optimal Portfolios
Other Complementary Tools
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum |