Stock Of The Day: Chart Of Aaron's Holding Company Teaches Important Lessons
Stock Of The Day: Chart Of Aaron's Holding Company Teaches Important Lessons
There's an old saying on Wall Street - "Gaps refill." It's true, and it can be seen on the chart of Aaron's Holdings Company, Inc. (NYSE:AAN).
In this article, we will explain why it's true and why it happens.
在华尔街有一句老话——"缺口回补"。这是真的，在Aaron的控股公司，Inc. (NYSE:AAN) 的股价图表上可以看到。
在本文中，我们将解释为什么它是真的以及为什么会发生。
An important dynamic in the financial markets is price levels that had previously been support converting into resistance. This occurs due to buyer's remorse.
金融市场中的一个重要动态是先前曾经支撑的价格水平转化为阻力水平。这是由于买家的后悔导致的。
People buy, and then regret doing so if the price falls below the price they paid. Some decide to get out if the price rises back to their entry level, and they can sell at breakeven.
As a result, if the stock rallies back up to their buy price, they place sell orders at that level. If there are enough sell orders, it will cause resistance to form at the price that had been support.
人们购买，如果价格低于他们购买时的价格，就会后悔。如果价格再次上涨到他们的入场水平，一些人就会决定退出，他们可以保本卖出。
因此，如果股票再次上涨到他们的购买价格，他们将在该价格处放置卖单。如果有足够的卖单，这将导致支撑位形成阻力位的价格形成。
This can be seen on the chart. The $11.80 level acted as support in August 2023. Then it was resistance in December 2023.
这可以在图表上看到。$11.80的水平在2023年8月充当支撑。然后在12月充当了阻力。
Another important market dynamic is price levels that had been resistance turning into support. This can also be seen on the chart as $10.80 was resistance in September 2023, then it became support the following January.
This happens because of sellers' remorse. Some investors and traders regret selling if the price moves higher. A number of them vow to buy their shares back, but only if they can get them for the same price at which they were sold.
So, they place buy orders at a price that had been resistance. If there are enough of these buy orders it will turn the price that was resistance into support.
金融市场中另一个重要的动态是曾经是阻力的价格水平转变为支撑水平。这也可以从图表中看出，$10.80在2023年9月起充当阻力，然后在第二年的1月转变为支撑。
这是因为卖家的后悔。一些投资者和交易者后悔出售，如果价格上涨，他们中的一些人发誓要买回股票，但前提是他们以与出售时相同的价格买回。
因此，他们以先前曾经为阻力的价格水平放置买单。如果有足够的买单，它将会将曾经为阻力的价格水平转变为支撑水平。
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A "gap" occurs when a stock closes at one price, and then opens the next day at a different one. There is no trading at the levels between these two prices. As a result, there are no traders or investors who bought or sold within this range. This means there won't be remorseful buyers or sellers trying to sell or buy their shares back.
当一只股票以不同的价格收盘，然后第二天以不同的价格开盘时，就会出现"缺口"。在这两个价格之间没有交易。因此，在这个范围内没有购买或销售股票的交易员或投资者。这意味着不会有后悔的买家或卖家试图出售或回购他们的股票。
So, if a stock gaps through price levels going one way and then eventually reverses and gets back to those same levels going in the opposite direction, there's a tendency to move back through them rapidly because of the lack of buy or sell interest.
因此，如果股票在向一个方向的价格水平上出现缺口，然后最终反向并回到这些相同的水平，由于没有买卖兴趣，会很容易地回到这些水平。
This would cause the gap to "refill."
这将导致缺口的"回补"。
In April 2023 AAN gapped from $10.22 to $12.25. As you can see on the chart, this gap was filled the following August.
2023年4月，AAN股票的价格从10.22美元跳升到12.25美元。正如您在图上所看到的，这个缺口在8月填补。
In October 2023, shares gapped down from $8.89 to $7.28. The stock reversed and refilled this gap in November.
2023年10月，股价从8.89美元一下子跌到7.28美元。随后，该股反转，于11月回补缺口。
There are a lot of sayings on Wall Street, "gaps refill" is one of them and it's true
华尔街上有很多谚语，"缺口回补"就是其中之一，而且是真的。
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Image created using artificial intelligence via Midjourney.
图像由Midjourney通过人工智能创建。