I assume price swings indicate a stock is being bought and sold?

[amy23l]

Silly question but I assume when the charts go from one figure to another that indicates trades are being made to change the price...

I was recently looking at a chart for a small cap company trading for 1cent & on some days the high was 2cent. This looks to happen daily so I would assume that the stock is being bought and sold for 1c or 2c on a daily basis but then looking at the details it said there was only 3 trades over a 52 week period...

so how can the chart swing up and Down daily if there's no trades being made only 3 for the whole year??

 

[Wysiwyg]

What is the company and I will find out for you?

 

[amy23l]

I didn't write down the one I was referring to but a cpl others I did note that do a similar thing just not necessarily daily... Looks like at least the price moves weekly for a smaller amount LWP and also TTE PSA... I'm not looking to buy them I'm just trying to understand what's happening

One of them says 3 trades for 52 week period but the price has gone up & down way more than 3 times... So I'm confused coz I thought if the price moves it's would be because that's what people are paying u know

 

[Wysiwyg]

I'm not looking to buy them I'm just trying to understand what's happening.
One of them says 3 trades for 52 week period but the price has gone up & down way more than 3 times... So I'm confused coz I thought if the price moves it's would be because that's what people are paying u know

Well all three have more than 3 trades per year so your data is inaccurate. Example LWP in the last week traded everyday.

 

[Lone Wolf]

The prices shown are commonly the last traded price. So for "last traded price" to move there has to be a trade.

Are you aware of what the market depth is? The prices you really care about if you want to place a trade is the bid price and ask price. It is possible for the bid and ask price to move without a trade taking place. But from what Wysiwyg posted above, it looks like your data is misleading you.

 

[amy23l]

The data came from the CommSec iPhone app! but that explains why I was confused by it!

also Iv been learning about Bollinger bands & moving averages. would there be an easy way to find stocks that meet criteria... Perhaps am emailed list or something other than using searches manually on CommSec??

 

[amy23l]

Well all three have more than 3 trades per year so your data is inaccurate. Example LWP in the last week traded everyday.

View attachment 69225

We're did u find this data so I can check it out?

 

[Wysiwyg]

We're did u find this data so I can check it out?

Link to ASX website