A Look at One of Today’s Volume Leaders: Pacific Green Techno (PGTK)

Volume is the number of shares traded over a specific time period.  Each transaction adds to the total count of the volume.  When a buyer and a seller agree on a transaction price, one transaction has taken place.  If only twenty transactions occur in a trading day, the volume for the day is twenty.  Volume measures the relative worth of each market move.  When the markets make a solid price movement, the strength of the movement actually depends on the volume over that period.  The higher the volume means the move is more significant.  Volume levels give traders clues about where the best entry and exit points can be found. Pacific Green Techno (PGTK) experienced a volume of 5100.

Volume is an important measure of strength for technical analysts and traders because volume is the number of contracts traded.  The market needs to produce a buyer and a seller for any trade to happen.  The market price is where buyers and sellers meet.  When buyers and sellers become extremely active at a certain price, this indicates that there is high volume.  Bar charts are used to quickly determine the level of volume and identify trends in volume.

A 52-week high/low is the highest and lowest share price that a stock has traded at during the previous year. Investors and traders consider the 52-week high or low as a crucial factor in determining a given stock’s current value while also predicting future price movements. When a commodity trades within its 52-week price range (the range that exists between the 52-week low and the 52-week high), investors usually show more interest as the price nears either the high or the low. One of the more popular strategies used by traders is to buy when the price eclipses its 52-week high or to sell when the price drops below its 52-week low. The rationale involved with this strategy says that if the price breaks out either above or below the 52-week range, there is momentum enough to continue the price fluctuation in a positive direction.

Pacific Green Techno (PGTK)’s high over the last year was $1.45 while its low was $0.25.

Pacific Green Techno (PGTK)’s 52-Week Percent Change, the difference between the current price and the settlement price from 1 year ago, is -8.00%. Standard Deviation is a measure of the current average variability of return. A move of (plus or minus) 1 std deviation means a 33% odds for a major price move, whereas a move of (plus or minus) 3 std deviations means a 1% odds for a major price move. Pacific Green Techno (PGTK)’s Standard Deviation is +1.39.

Weighted Alpha is a measure of how much a stock has risen or fallen over a one-year period with a higher weighting for recent price activity. Pacific Green Techno (PGTK)’s Weighted Alpha is +50.37.

A “pivot point” is a technical analysis indicator used to glean the overall trend of the market over differing time periods. The pivot point itself is simply the average of the high, low and closing prices from the previous day’s trading. On the following day, any trading above the pivot point indicates ongoing bullish trends, while trading below the pivot point indicates a bearish trend. Pivot point analysis is used in alongside calculating support and resistance levels, much like trend line analysis. In pivot point analysis, the first support and resistance levels are found by utilizing the width of the trading range between the pivot point and either the high or low prices of the previous trading day. Secondary support and resistance levels are found using the full width between the high and low prices of the previous trading day.

Pivot points are oft-used indicators for trading futures, commodities, and stocks. They are static, remaining at the same price level throughout the day. Five pivot point levels are generated by using data from the previous day’s trading range. These are composed of a pivot point and two higher pivot point resistances called R1 and R2 and also two lower pivot point supports called as S1 and S2. Pacific Green Techno (PGTK)’s Pivot Point is 1.2333. Its 1st Resistance Point is 1.2667 and its 2nd Resistance Point is 1.2833. The 1st Support Point is 1.2167 while its 2nd Support Point is 1.1833.

Pacific Green Techno (PGTK)’s TrendSpotter Opinion, the signal from Trendspotter, a Barchart trend analysis system that uses wave theory, market momentum & volatility in an attempt to find a general trend, is Buy. Barchart Opinions show investors what a variety of popular trading systems are suggesting.

These Opinions take up to 2 years’ worth of historical data and runs the prices through thirteen technical indicators. After each calculation, a buy, sell or hold value for each study is assigned, depending on where the price is in reference to the interpretation of the study. Today’s opinion, the overall signal based on where the price lies in reference to the common interpretation of all 13 studies, for Pacific Green Techno (PGTK) is 88% Buy.

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