In Stock Market, Is There A Scenario Where The Opening Price Is Higher Than The High Of The Day?
That is impossible... If the opening price is the highest price of the day, then it will be recorded as the high of the day... This will result in a candlestick (on a stock chart) with no upper wick.
What made you ask this question? Did you come across data that supported an opening price that appeared higher than the h.o.d.?
You mean the high of the previous day, I'm assuming? In that case, no.
However, you can buy a stock, bond, commodity or whatever at whatever a seller is willing to part with in exchange for what you're offering. You can buy at a higher price than what the high was on the previous day's trading, just as you can buy at a lower price. If you buy at the higher price, momentarily there will be a recorded change reflected by what you paid, which may soon be changed if someone buys for a higher price than you.
It is possible depending on what data feed you are looking at. On NYSE issues (NYSE only trading), there are trades that are done on a third market outside of the NYSE (think ECN like ARCA). In a name such as IBM trades start right at 9:30am EST even before the stock is open on the NYSE, The consolidated tape shows all trades, but on the open of the market on the NYSE the stock often opens after 9:30AM EST, when the opening cross is posted. It is entirely possible that many third market prints happen BEFORE this official NYSE open, and it is possible that those are above this open, which might be the high for the day NYSE only. The key here is there is the official NYSE open, and then the first print open, which are often very different prices. However, the high of the day would reflect the trades that happen prior to the NYSE open, but if you were trading with the specialist only, its possible those prints are above (or below) the high/low traded for the day on the NYSE only.
Do you mean "high of the day" as in the highest price of the previous day? If so, the answer is yes, a stock, or market index like the S&P 500 or DOW Jones, can open at a price higher than the high of the previous day. Whenever the opening price is higher or lower than the closing price of the previous day, it is called a gap. There are limits, but a gap can be small or large, and depending on what the previous day's high was, a big gap in the next day's price can easily be higher than the previous day's high.
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