Current OPK Chart

compqx


If daily volatility is the square root of the daily price variance (HoD to LoD), then LH had a range of 238.82-230.89=7.93. Sq rt = 2.82. OPK had a range of 4.23-3.83= 0.40. Sq rt = 0.63. Perhaps it is not volatility you are addressing. Further, volatility is not typically applied to a single day's variance, though one could do that if using the data from some shorter time frame such as a collection of 5min or 15min price ranges. But then it would not be daily volatility, rather 5min or 15min volatility for a given day.

Maybe you were getting at the fact that OPK is more volatile than LH/DGC. But then don't you think most cheap stocks are more volatile that most expensive stocks? Isn't that the "investment thesis" of those who have finite funds and hope to score a (excuse the reference) 10bagger?

All that aside, for the benefit of those who would consider using stock charts, the application of the original Bollinger Band parameters will give one a graphic depiction of volatility for whichever time frame one wishes to view (5min to hourly, daily, weekly, monthly yearly). The set up default is 2,20. Two std deviations above and below price, and a 20 period SMA. The closer the bands are to each other, the lower the volatility, the farther the band from each other, the greater the volatility.

Then, if you compared one stock to another, say over a 6month period, just by looking at the Bollinger Bands you could see how each compares to the other as to volatility.





But that Bollinger guy has made life easy for you with the addition of a Bollinger Bandwith indicator that translates the width of the bands into a simple line graph.





Not surprisingly, Bollinger offers some insights as to what the changes in volatility mean for trading. But it's gotten late, so:

www.bollingerbands.com/

How so? It pierced both 200 day MA's and bounced just below the 3.85-3.90 support zone. Today it spent the morning hovering just below the 4.50 R before moving up to the trend line @4.55. Vol has declined in the last 3 sessions.

The stk has continued to drop and is now just the above the 3.38 S which marks the top of the congestion zone of 2.91-3.38 (8/28/20-9/28/20). This could be where it stops although there's a chance it could enter that zone. Time will tell.

This appears to be under accumulation and could be setting up for a move higher. It's now above the long term descending trend line and sitting just below the 3.90 R and flat 100 EMA (3.86). Volatility is contracting. Vol has been below ave for 7 out of the last 8 sessions.

When these things are brought up, I wonder what metric shows accumulation? Would volume have to at least be above average for there to be accumulation? Or what signals are you using to distinguish accumulation?

I'm no TA so....but, while it appears that volume for DGX and LH has been nothing to write home about recently, they each have been making all time highs, or stabs at them, over many weeks. So, even allowing for the No. 1 clippers-like haircut usually applied to Opko, I have been wondering why the price action seems so collared. I mean, there's lots of testing and, the chances for Somatrogon approval just went up. Yet, the price action has been even more confined with every release or glimpse of positive news. Just has made me wonder if there's a spring that's been coiling.