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Opening Price | Web Scraping Tool | ScrapeStorm

2024-10-24 16:53:21

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Abstract：The opening price refers to the first transaction price on a trading day. ScrapeStormFree Download

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Introduction

The opening price refers to the first transaction price on a trading day. It is a term used especially in the stock and commodity markets, and is an important indicator for understanding price trends on that day or during a trading period. The opening price reflects the supply and demand balance at the time of the market opening, and is considered an important indicator for investors and traders to determine the market direction for that day.

Applicable Scene

In the stock market, the opening price marks the starting point of the day’s market, and traders and investors use the opening price as a basis for planning their day’s trading. Investors who engage in day trading (short-term trading) and swing trading (trading over several days) place particular importance on the opening price.

Pros: The opening price quickly reflects the psychological state of market participants on that day, so it can be used as initial data for investors to decide on their trading strategy for that day. Comparing the opening price with the subsequent price movement provides clues to determine whether the market trend of the day is rising or falling. For example, if the price rises from the opening price, it can be considered a bull market (strong buying power), and conversely, if it falls, it can be considered a bear market (strong selling power).

Cons: The opening price is the first trading price in the market, so sometimes the price reflects “noise” from short-term news and emotional trading. For this reason, the opening price does not necessarily indicate the market trend for the entire day. The opening price is easily influenced by the previous day’s closing price, and as investors start trading based on the previous day’s market trends, they may inherit the previous day’s market sentiment.