Curiosity drove me to setting up a spreadsheet which tracks the performance of the XAO by date. The data table below presents summaries of points gained / lost for each day of the week as follows:
1. Dating back to March 6, 2009 [orange fill]
2. For the 10 weeks prior to today - Dec30, 2009 [yellow]
3. For the 5 weeks prior to today [green].
Overall Tuesday has produced the greatest increase amd Friday the least. During the last 10 weeks Thursday & Friday have been dominated by selling. These last five weeks [6 for Friday due to Xmas Day] have seen heavy selling on Fridays followed by buying on Monday & Tuesdays.
The data also tells us the XAO has gone nowhere these last 10 weeks.
I am still working on a database approach to this for individual stocks such as BHP.
Of course patterns from the past are not reliable predictors of future patterns - if the XAO's market makers aim for balance by day of the week, the future may be the inverse of the recent past!
4YIO-NFA-PDYOR
trading patterns
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Last
$43.50 |
Change
-0.895(2.02%) |
Mkt cap ! $221.3B | |||
| Open | High | Low | Value | Volume |
| $44.10 | $44.11 | $43.42 | $203.6M | 4.653M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 5497 | $43.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.50 | 5046 | 41 |
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| Last trade - 15.52pm 08/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |