Open High Stocks

Open High Stocks

Open High Stocks

Open High Stocks

What are Open High Stocks?

Open High Stocks are identified by their trading pattern where the opening price is the highest price that the stock achieves during the trading day. This happens when stocks start the day with strong momentum, often driven by positive news or strong investor sentiment, but fail to sustain these gains as the day progresses.

What do Open High Stocks Tell Us?

Open High Stocks provide insights into the initial optimism that may not be sustained due to various factors such as profit-taking, lack of additional positive catalysts, or general market conditions. This pattern is crucial for traders as it may indicate early strength but subsequent weakness, offering strategic points for short-selling or adjusting long positions.

Filters Used to Sort the Above Stocks

1. Open Price = High Price 1 Day

This filter is applied to find stocks where the opening price remains the highest price of the day. The rationale behind using this filter is to identify stocks that show initial strength but may lack subsequent buying support. It helps traders and investors to recognize potential early peaks and to strategize their trades around these patterns, particularly for avoiding buying at highs or for setting up short positions.

Key Takeaways

1. Early Trading Dynamics

Open High stocks highlight significant early trading dynamics, where initial enthusiasm does not translate into further gains, often leading to flat or declining price action throughout the day.

2. Risk Management Strategy

Recognizing stocks that open high and do not climb further can be critical for risk management, helping traders avoid entering positions at peak prices that may not hold.

3. Market Sentiment Indicator

This pattern can serve as an indicator of market sentiment, particularly investor reactions to news or events that affect stock prices only transiently.

4. Profit-taking Indicator

Open High situations often reflect profit-taking actions where early gains lead to selling pressure, which can be an important consideration for day traders.

5. Strategic Entries and Exits

Understanding the behavior of Open High stocks assists in making strategic entry and exit decisions, especially in identifying when a stock might not sustain its initial upward momentum, providing opportunities for short selling or cautious buying.

Open High Stocks are those that open at the highest price of the day and do not exceed this price for the remainder of the trading session. This pattern is particularly scrutinized by day traders and market analysts as it can indicate a strong opening influenced by overnight news or pre-market trading, but also a lack of further bullish momentum to push prices higher during regular trading hours.

Open Price
High Price

Customize

Price
Change
Price %Change
Volume
PE Ratio
Market Cap
2,237.90 4.05 0.18% 13,51,493 50.70 5,25,815
11,250.95 -127.70 -1.12% 3,76,468 53.46 3,31,540
397.50 -0.15 -0.04% 41,97,123 7.12 2,44,968
2,210.70 -23.30 -1.04% 13,00,852 68.45 2,13,146
229.78 -0.64 -0.28% 1,62,03,186 91.07 1,45,982
2,280.20 -99.65 -4.19% 10,20,321 48.22 65,506
3,955.35 -64.65 -1.61% 1,00,338 96.94 43,450
57.19 0.02 0.03% 6,00,58,400 21.73 41,873
1,535.10 -18.45 -1.19% 86,967 36.38 25,292
609.65 -8.55 -1.38% 6,27,110 70.95 24,394
51.09 0.04 0.08% 22,29,700 35.72 22,587
393.65 -7.30 -1.82% 2,01,598 18.58 14,934
169.76 -1.70 -0.99% 63,82,206 36.94 14,007
798.60 -42.00 -5.00% 41,209 61.84 13,853
25.25 -0.06 -0.24% 48,43,912 43.66 12,867
697.80 0.25 0.04% 1,06,538 49.02 12,144
483.15 0.40 0.08% 11,23,161 24.45 11,716
4,798.20 -10.55 -0.22% 2,839 55.02 11,051
510.60 -23.05 -4.32% 5,71,042 53.08 10,544
1,548.20 -13.95 -0.89% 17,155 53.24 10,151
428.55 -0.15 -0.03% 8,59,621 26.21 9,725
1,936.80 -5.55 -0.29% 52,831 64.04 9,468
442.45 -6.60 -1.47% 43,862 37.32 8,723
7,440.00 117.25 1.60% 73,691 10.19 8,404
411.95 -12.40 -2.92% 66,010 - 7,308