What does float profit mean?

2023-05-29
Summary:

Explore floating profit indicators like Floating Profit-8 and Floating Profit-21, analyzing market trends and stock strength for investment decisions.

Floating profit: Floating profit refers to the average holding cost of all traders over a period of several days, which is used to analyze market phenomena such as oversold, short-term adjustment demand, and the strength of the stock itself. The distance between the current stock price and the 8-day cost average is called "Floating Profit-8", and the distance between the current stock price and the 21-day cost average is called "Floating Profit-21", and so on.

[Floating Profit 8]: The manifestation is the displacement between the K-line and the 8-day cost average. The K-line is above the 8-day cost average and is a positive value. Farther the distance, the greater the positive value, and vice versa; The K-line is below the 8-day cost average and is negative. Farther the distance, the greater the negative value, and vice versa.


[Floating Profit 21]: The manifestation is the displacement between the K-line and the 21-day cost average. The K-line is above the 21st day cost average and is a positive value. The farther away the distance, the greater the positive value, and vice versa; The K-line is a negative value below the 21-day cost average, and Farther the distance, the greater the negative value, and vice versa.


[Floating Profit 60]: The manifestation is the displacement between the K-line and the 60-day cost average. The K-line is above the 60-day cost average and is a positive value. Farther the distance, the greater the positive value, and vice versa; The K-line is below the 60-day cost average and is negative. Farther the distance, the greater the negative value, and vice versa.


[Floating Profit ∞]: The manifestation is the displacement between the K-line and the moving average of all costs. The K line is above the average cost line and is a positive value. The farther away the distance, the greater the positive value, and vice versa; The K line is below the average cost line and is a negative value. Farther the distance, the greater the negative value, and vice versa.

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