True Range in Focus: First Vanadium Corp. (FVANF)

Date: Dec 20, 2018

Average True Range is a moving average of trading ranges over a specific period of time.  High values often occur at market bottoms following a sell-off while low values are often found during extended sideways periods, like those found at tops and after consolidation periods.  First Vanadium Corp. (FVANF)’s nine-day Average True Range is 0.0821 and their fourteen-day Average True Range is 0.0861.  Looking back further, the twenty-day Average True Range is 0.0904, the fifty-Day Average True Range is 0.0931 and, finally, the one-hundred-Day Average True Range is 0.0834.

Volume is the number of shares traded specific period of time.  Every buyer has a seller, and each transaction adds to the total count of the volume.  When a buyer and a seller agree on a transaction at a certain price, it is considered to be one transaction.

For example, if only ten transactions occur in a trading day, the volume for the day is ten.  Volume is used to measure the relative worth of a market move.  When the markets make a strong price movement, the strength of that movement depends on the volume over that period.  The higher the volume means the more significant the move.  Volume levels give clues about where to find the best entry and exit points.  First Vanadium Corp. (FVANF) experienced a volume of 92800.

Volume is an important measure of strength for traders and technical analysts because volume is the number of contracts traded.  The market needs to produce a buyer and a seller for any trade to occur.

The market price is when buyers and sellers meet.  When buyers and sellers become very active at a certain price, this means that there is high volume.  Bar charts are used to quickly determine the level of volume and identify trends in volume. 

A 52-week high/low is the highest and lowest share price that a stock has traded at during the previous year.  Investors and traders consider the 52-week high or low as a crucial factor in determining a given stock’s current value while also predicting future price movements.

When a commodity trades within its 52-week price range (the range that exists between the 52-week low and the 52-week high), investors usually show more interest as the price nears either the high or the low.

One of the more popular strategies used by traders is to buy when the price eclipses its 52-week high or to sell when the price drops below its 52-week low.  The rationale involved with this strategy says that if the price breaks out either above or below the 52-week range, there is momentum enough to continue the price fluctuation in a positive direction.  First Vanadium Corp. (FVANF)’s high over the last year was $1.6 while its low was $0.1788.

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