Unknown Indicator

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.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Video Games Idea
Video Games
Invested few shares
Investor Favorites Idea
Investor Favorites
Invested a lot of shares
Impulse Idea
Impulse
Invested over 100 shares
Warren Buffett Holdings Idea
Warren Buffett Holdings
Invested few shares
Hedge Favorites Idea
Hedge Favorites
Invested over 40 shares
Momentum Idea
Momentum
Invested few shares
Check out your portfolio center.
Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

Other Complementary Tools

ETF Categories
List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
Money Managers
Screen money managers from public funds and ETFs managed around the world
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Commodity Directory
Find actively traded commodities issued by global exchanges
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios