** Technical Projections include combinations of Custom Fibanocci Retracements, Mathematical Measured moves, Open Body Gap Theory and may reference most respected Moving Averages.****DISCLAIMER- These are meant for reference purposes.They are NOT Buy/Sell recommendations or the opinions of anyone I am associated with through employment.
Sunday, May 22, 2016
Ranges Verses Vwap -
This Current Month has had Large Price Range,common in and around earnings season.I took a look at where vwaps were for the current month of some stocks I commonly follow and noticed something worth taking a more in depth look at. After doing cocktail napkin analysis, I thought it was worth exhibiting.
MONTHLY RANGE MONTHLY VWAP CURRENT***
SPY 208.54-202.78 *5.84 205.69 205.84
QQQ 107.49-104.4 *3.09 105.85 106.47
IWM 113.51-107.99 *5.52 110.6 110.79
AAPL 95.9-89.47 *6.43 95.22 93.13
AMZN 722.45-656 *66.45 692.47 702.8
BIDU 185.33-158.38 *26.7 170.63*** 170.05***
FB 121.08-114.8 *7 118.49 117.35
NFLX 93.28-85.74 *7.54 90.09 92.49
TSLA 243.19-203.66 *39.54 216.03 220.28
So I found it really interesting that there have been large ranges,indecision and uncertainty but one thing IS certain, Vwap is an Excellent variable to be aware of. In this case BIDU is the clear cut winner, with IWM,SPY being close seconds,with the rest not far behind.The Monthly Vwap starts getting more important to know about 1/2way through.(2,3rd weeks). As the month progresses the Vwap will change less,barring any earnings smack in the middle. When 50% of the month is already in the books, you can start doing the math to see how much volume would have to trade to move the Vwap from Xprice to Zprice both up or down. But that will be in another quick study.
Everybody's busy so I try to keep it brief, use the above study as you will-
Peacz,
BP
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