The closing price refers to the closing price of the stock market, which is the weighted average price of all transactions one minute before the last transaction of the securities on the day (including the last transaction).If there is no transaction on that day, the previous closing price is the closing price of that day.The closing price of Shenzhen Stock Exchange passedcall auction Is generated in the way of.If the closing price cannot be generated by the closing call auction, the closing price of all transactions one minute before the last transaction of the securities on that dayVolume weighted average price(including the last transaction) is the closing price.If there is no transaction on that day, the closing price of the previous day shall be the closing price of that day.
Closing price,It can almost be said that it is the most important data that is easy to remember in the market, but we seldom pay attention to the intraday feedback of the closing price.The so-called order feedback of the closing price refers to the status of the order that remains on the order after the closing, including 10 bid and sell prices and the corresponding number of orders.In fact, we can get a lot of information from it, especially the information about the main player in the game, although the main player may not want to tell us.
Closing price
In fact, the closing price is the price agreed by market participants and the price accepted by everyone in a day.andMaximum priceIt is the selling price that most people think is good,minimum priceIt is the purchase price that most people think is good, and the closing price is the price that no longer trades.Therefore, it is of great significance to study and judge the closing price. No matter how the share price fluctuates on that day, it will eventually be fixed on the closing price. Some people say that the main force can rely onFinancial strengthMake the closing price, which is true, but the main forcePerimeter, especiallyMonthly lineThe closing price of is more difficult because of the huge cost.From this point of view, the closing prices of monthly and weekly lines are the most significant.The smart main force will use their own funds to stir up the flames, rather than relying on their own real gold and silver to do the closing price.
From 3:59 pm sharp, the system will take shares every 15 seconds at the order price. A total of five shares will be taken at the order price.
Examples are as follows:
Ingestion timeBid The last recorded price of the selling price is the order price
First time 3:59:00 $39.40 $39.50 $39.50 $39.50 $39.50
The second time 3:59:15 $39.40 $39.50 $39.50 $39.50 $39.50
Third time 3:59:30 PM $39.40 $39.50 $39.50 $39.40 $39.40
The fourth time 3:59:45 $39.30 $39.50 $39.40 $39.40 $39.40
The fifth time 4:00:00 PM $39.20 $39.30 $39.30 $39.30
By order priceSort: $39.30 $39.40 $39.40 $39.40 $39.50 $39.50, then the median closing price is $39.40.
classification
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Balance up and down
Closing price
The first kind of closing price is up and down balance, which means that there is almost no vacancy in the price.For example, for a stock with a closing price of 4 yuan, every penny higher or lower has an offer and an offer, and the amount of the offer is similar. This is a natural situation, indicating that there is no main force or the main force has not spent time on the closing price.(The curtain opens: an amazing bottom readingProfit model！)
high altitude
The second is high altitude, which refers to upshiftingSelling priceBuy far from the closing pricePurchase priceIs close to or equal to the closing price.Ifend of the marketThe market has obviously declined, so the occurrence of high-altitude conditions is normal.If the market trend is stable and the rise and fall of the stock basically follow the market, then it can be determined that the stock should have no main force, or if there is a main force, it is unwilling to protect the market, indicating that the stock will not be stronger than the market at least.
low altitude
equity market
The third is low altitude, which means that the purchase price of the next level is far from the closing price while the selling price is close to or equal to the closing price.This is an abnormal state, because even ifThe end of the marketThe market is obviously rising, and the individual orders in the market will not blindly fight upwards without being in the lower gear. Therefore, the reasonable explanation is that there is a main force in the market.If the closing price rises due to the last transaction, the main force is the closing price.If the stock price rises continuously in the last few minutes and there is no catch up in the downshift, the main force is to adopt a less risky method to sweep away the few upshiftsThrow order(Maybe in our opinion, there are not many throw orders, but some of them may be the main players themselves, so it is most clear how many throw orders the main players have), but they are not in the next gear.If there are not many new orders on the upper shelf, try to eliminate them and raise the closing price.For the individual orders in the market, because the lower order receiving price is still very low, and it is difficult to guarantee a certain deal when hanging on the top, the possibility of a large number of selling orders is very small.This technique is very economical for the main force, especially when it is possible to directly enter the fieldVestWhen making an entry.This phenomenon shows that there is a main force in the market and the main force does not want the stock price to continue to fall, but this main force is not a new main force to build positions.
In fact, there will be all kinds of strange phenomena on the market near the closing. It is very interesting to study carefully.For example, some shareslimit downThe price was 2.75 yuan, and the end market price was close to the limit of decline. The selling volume at each price was below 10000 shares. But three minutes before the closing, a large selling order of 70000 shares was suddenly listed at 2.76 yuan, while there were more than 20000 shares at 2.75 yuan. What is the meaning of this? If these 70000 shares really want to sell, they should hit 2.75 yuan, and should be sold in separate transactions,This can ensure that all deals will be completed in the end. Such a large order should not care about this penny.However, the seller just chose to hang up. Obviously, it was for the market to see, so that all the subsequent sales orders could only be targeted at 2.75 yuanLimit price。Sure enough, finallylimit downThe price of is called the selling price.The result is obvious that the main force hopes to close with a down limit, giving the market the illusion that it will continue to fall tomorrow, so as to let the floating chips in the market come out as far as possible.Obviously, the stockAftermarketIt is still possible to rise, which is our conclusion.
Trading rules
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1. Calculation method of closing price
Closing will take place 3 minutes before 3:00 p.mcall auction To determine the closing price. If the closing price cannot be generated by the closing call auctionTransaction priceIs the closing price of the day.
According to regulationsOpen call auctionPeriod of,exchangeIt will immediately reveal the opening of SME sharesReference price, matching amount and unmatched amount.The opening reference price refers to the virtual price formed by all effective declarations according to the collective bidding rules as of the disclosureOpening price。
3. Small and medium-sized enterprises will be preparedPlate index
The Exchange will prepare an index of the SME sector to reflect the overall price changes and trends of the SME sector.
4. Disclosure of seat changes
According to the regulations, when one of the following situations occurs in the stock trading of small and medium-sized enterprises, the Exchange will announceTransaction amountNames of the largest five business departments or seats and the amount of buying and selling:
(1) At closingRise and fallAnd SMEsPlate indexThe first three stocks whose difference (hereinafter referred to as the deviation value) reaches ± 7% when comparing the rise and fall;
(3) Daily average for three consecutive trading daysturnover rateCompared with the previous five trading daysAverage daily turnover rateAnd the cumulative turnover rate of the stock has reached 20% for three consecutive trading days.
In case of abnormal fluctuations in the trading, the trading will be suspended until 10:30 on the day when the relevant parties make an announcement.meanwhileexchangeTheAbnormal fluctuation of stock tradingPeriod accumulationTransaction amountThe names of the business departments or seats of the five largest members and their buying and selling amounts.
Extreme positive line - 101%>closing price>opening price
Technical significance
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Sketch Map
The closing price refers to the trading of individual sharesChina JapanEnd price.In order to prevent speculative funds from "doing" the price, the calculation method of closing price has been modified. Shenzhen market is trading at the last three minutesSynthesis and cross valenceAs the closing price, it can reflect objectivelymarket priceChanges in.
As an observable price on a trading day, the level of the closing price often reflects the attention of market funds to a certain stock and has the function of predicting the deduction direction of the next trading day. Therefore, the performance of the closing price is worthy of attention.
We mainly compare the closing price with theOpening price, maximum price andminimum priceBy comparison, we can judge the trend characteristics of the stock price according to several different situations: if the closing price is higher than the opening price, it indicates that the stock has certain resistance significance.Among them, if it is fallingOpen low and walk high, indicating that there is ultra-low capital intervention, but if it is high opening and high moving, it indicates that the stock is in the process of strong rise;If the closing price is lower than the opening price, it often means that the stock is under market pressure and requires adjustment.
Since there are many combinations, we will mainly introduce several typical closing performances.The most extreme example is that the opening price and closing price as well as the highest and lowest prices are the same, that is, the stock price of individual shares is at the same priceHorizontal plateOperation, which is usually the daily limit down or limit up, indicates that the market is in a unilateral market, and investors need to follow the trend;Another situation is that the closing price is the highest price, which indicates that the stock is in an intraday driving up. Generally speaking, there is a higher price on the next day, at leastShort line operationCan be out at a higher price the next day;Similarly, when the closing price ends at the lowest price of the day, it means that there is a pressure on the tail market, and the next trading day will generally see a lower price, so it should be out of the game on that day;If after fluctuation, the opening price is equal to the closing price, that isCross starsThe trading of the day after the end of the pattern indicates that the market is in a balanced pattern of long and short forces. In some cases, it also indicates that the stock price is about to enter a turning point. If it is at a lower position at this timeStop falling signalOn the contrary, it is the top signalUpper hatching lineperhapsUndershootIt is more indicative.
Generally speaking, the closing priceShort term investmentIt is of great guiding significance, especially in the tail marketCapacity Increase The stock price will close at a higher price on the day, and the next day will tend to have a more prominent performance. Therefore, such individual stocks have short-term opportunities.But forMedium long lineFor investors, the purpose of paying attention to the closing price is often to judge the change of trend.When a cross star with a long shadow line appears, it generally means that the bottom of a stock is coming, which has a positive technical significance for the judgment of individual stocks in the market. Otherwise, it can be judged asIndividual stock trendHead of.
In short, as an important price performance, the closing price is a technical value that market investors, especially short-term investors, must pay attention to.Of course, the effect of observing the closing price should also be combined with other price performances, includingOpening price, maximum price andminimum price, sometimes it needs to be carried out in combination with the situation of the transactioncomprehensive analysisAnd judgment.
Related terms
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On high: The opening price today is above the closing price yesterday.
Kaiping: The opening price today was flat at the closing price yesterday.
Open low: the opening price today is below the closing price yesterday.
determine
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stock exchangeHow is the closing price of the stock determined?
The closing price of a stock exchange is the last transaction of a certain stock on each business day of the stock exchangeTransaction price。When there is no transaction price in the market, the latest transaction price is generally used as the closing price.Initial listing of sharesAuction，Unless otherwise specified, according to the public sale before listingaverage priceReplace the closing price as the reference benchmark for calculating the fluctuation range.
AndMainboard marketDifferent, stocks in the SME sector will adoptcall auction To determine the closing price.The closing call auction lasts for 3 minutes, that is, from 14:57 to 15:00, during which the order can be withdrawn.This rule is disadvantageous for the dealer to make the closing price. After all, it is difficult to determine the total amount of chips involved in collective bidding and the total amount of funds to be paid. If too much, too little, too high, or too low is played, there may be some ironic situations.
significance
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Analysis diagram
technical analysisUsedOpening price, the highest price, the lowest price and the closing price. These four prices represent a dayPrice fluctuationThe four extremes of time: the two extremes of time (opening price and closing price) and the two extremes of price (the highest price and the lowest price).Among these four prices, the closing price is the most important.Only the closing price is the benchmark for making or losing money.Another reason is that the closing price is the nearest to tomorrow.There is a saying that the closing price isMarket participantsThe price we agree on is the price we accept in a day.The highest price is the price that most people think selling is good, and the lowest price is the price that most people think buying is good, but it is the price that market participants do not recognize.Therefore, the closing price is the price that no longer trades.
Day 1: InitialMale line, whetherShort coveringIt is still a new bull, which means that there are large buyers, but the market is not mature enough.
The second day: The big customers who started to feel excited because they saw the rise on the first day began to buy.The buyer characteristic of this day is that because of the influence of the first day, the purchase of the second day is more bold, so the market of the second day tends to be clear.
Day 3: It is quite slow or cowardly big customers who also start to buy, so the market becomes more and more clear.
matters needing attention
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Issue price
This timePrivate offeringThe stock price shall not be lower than 20 trading days before the pricing base dateTongji Technology90% of the average stock trading price, i.e. no less thanRMB7.24 yuan/share (the average trading price of Tongji Technology shares 20 trading days before the benchmark date=the total trading volume of Tongji Technology shares 20 trading days before the benchmark date of pricing ÷ the total trading volume of Tongji Technology shares 20 trading days before the benchmark date of pricing);
Number of issues
(1) This time to specific investorsNon public offering of sharesThe upper limit of the number of shares is 69 million and the lower limit is 20 million;
(2) Tongji Assets, the confirmed issuing object, will participate in the subscription of shares issued this time with cash of 150 million yuan;
The shares subscribed by Tongji Assets for this issue shall not be transferred within 36 months from the end of the issue;The shares subscribed by other issuing objects shall not be transferred within 12 months.Restricted periodAfter completion, the circulation or transaction of the shares issued this time will be subject toShanghai Stock ExchangeAnd other relevant regulations of the regulatory authorities.
(3) The total number of issuing objects who finally obtained the non-public offering of shares does not exceed 10. Except for the identified issuing object Tongji Assets, the rest of the issuing objects will be issued by the company andLead underwriter（Sponsor）According to the subscription quotation of the issuing objectPrice priority, quantity first and time first.
