Lifetime Highs Lows
Updated on March 20, 2023
Lifetime highs and lows are a key concept in technical analysis that involves the study of past market data. This data primarily includes the price and volume to identify trends and make trading decisions. Lifetime highs and lows refer to the highest and lowest price levels that an asset has reached over its entire history of trading.
How to interpret Lifetime High Lows?
In technical analysis, traders use lifetime highs and lows as reference points to determine an asset’s overall trend and potential for future price movements. If a stock’s current price is near its lifetime high, it can indicate that the stock is overbought and poised for a pullback. It can also indicate that it has strong bullish momentum that is likely to continue. Similarly, if a stock’s current price is near its lifetime low, it can indicate that the stock is oversold and due for a rebound. It can also indicate that it has weak bearish momentum that could persist.