Refers to the frequency of stock changing hands in the market within a certain period of time, which is one of the indicators reflecting the strength of stock liquidity. According to the nature of the sample population, there are different types of indicators, such as the total turnover rate of all listed stocks on the exchange, the turnover rate based on the number of single stocks issued, and the turnover rate based on the portfolio held by institutions. Among many technical analysis tools, turnover rate index is one of the most important technical indicators to reflect the activity of market transactions. Other commonly used technical analysis indicators include: MACD, RSI, KDJ, deviation rate, etc.

The market significance represented by the turnover rate at different stages

(1) If the turnover rate exceeds 15% and lasts for several days, the stock may become the biggest dark horse.

(2) between 7%-10%, it is the emergence of strong stocks, and the stock price is highly active.

(3) 10%- 15%, which is closely operated by Dazhuang.

The turnover rate has a certain time range. The turnover rate can not only indicate the adequacy of a stock's trading volume and the activity of trading in a specific time, but more importantly, it is an important reference index to judge and measure the differences between long and short sides. Because the size of the circulation of individual stocks is different, it is of little significance to simply compare the transaction amount. Therefore, when investigating the turnover rate, we should not only look at the number of shares traded, but also analyze the turnover rate, the relative position of high turnover rate, the duration of high turnover rate and so on.

1, the low turnover rate indicates that both long and short sides basically agree, and the stock price will generally maintain its original running trend. In most cases, it is a small decline or sideways operation.

2. The high turnover rate indicates that there are great differences between the long and short sides, but as long as the active trading situation can be maintained, the general stock price will show an upward trend.

3. Too low or too high turnover rate is the leading indicator of stock price changes. Generally speaking, after a long period of stock price adjustment, if the turnover rate remains at a very low level for more than a week (such as the weekly turnover rate is below 2%), it often means that both long and short sides are watching. Since the empty power has been basically released, the stock price has basically entered the bottom area at this time, and it is easy to rise afterwards.

4. Investors should first distinguish the relative position of high turnover rate. If a stock has a high turnover rate after a long period of downturn, and the high turnover rate can last for several trading days, it can generally be regarded as a more obvious sign of new capital intervention. At this time, the credibility of high turnover rate is better. Because it is at the bottom of the trading volume, and it is a comprehensive change of hands, therefore, the stock should have a relatively large room for growth in the future, and it is very likely to become a strong stock.

5. A relatively high level of sudden high turnover rate and a sudden increase in trading volume are generally more likely to be a precursor to decline. This situation is mostly accompanied by the favorable introduction of individual stocks or the broader market. At this time, the chips that have been profitable will take the opportunity to go out and successfully complete the issuance. In this case, there is a situation that "all good things are bad things". Investors should be wary of high turnover rate.

6. For stocks with high turnover rate for a long time, in most cases, some institutions with large positions will take self-help measures to attract followers because they can't get out. Investors should be wary of those varieties that have changed hands in an all-round way but have limited gains.

7. Stocks with low long-term turnover rate often fall into a long-term downturn. At this time, investors should not intervene, but wait for its volume to increase Changyang, and then consider participating in the investment after the trend is completely strengthened.

8. Be cautious about stocks with high turnover rate after huge gains. From the historical trend, after the huge rise of individual stocks, when the single-day turnover rate exceeds 10%, the probability of individual stocks entering short-term adjustment is too high, especially when the turnover rate exceeds 7% for several consecutive trading days, investors should be more cautious.

Skills of judging turnover rate

(1) The turnover rate must be analyzed in combination with the four stages of the stock cycle. The same turnover rate has completely different market significance at different stages, otherwise the probability of misjudgment is quite high. This is the key to the application of turnover rate.

(2) From the perspective of transaction activity, the turnover rate of 5% is an important dividing line, and the turnover rate of 2% ~ 5% is very common, indicating that there is no big money in it. 1% or less can be called volume. The volume of land volume is the most real volume, which generally appears at the end of dish washing in the main shock warehouse.

(3) In the shock warehouse washing stage, the stock price continuously adjusted back, and the turnover rate was less than 1%, indicating that there were few floating chips in the market, so you can consider buying them. In the rising stage, the average increase of stock price with turnover rate of 2% ~ 3% indicates that the market chips are well locked and you can continue to hold shares.

(4) The turnover rate is between 5%- 10%, indicating that the stock has entered an active state and there are large funds coming in and out. In the first and second stages of the stock price cycle, the turnover rate is continuously greater than 5%, and it can be followed up in time when the increase is not large.

(5) The turnover rate of10% ~ 20% is relatively rare and belongs to a highly active state. The daily turnover rate of more than 20% is extreme, and they must be analyzed dialectically. If in the third and fourth stages of the stock price cycle, most of them are mainly based on lightening their positions and shipping. If it is in the first or second stage of the stock price cycle, it is mostly the main attraction, such as the turnover rate rising above 15%. Be careful when chasing heights. On the second or third day, there will be a callback opportunity in the session, and then intervene on dips.

(6) In the daily stock selection process, we can take the average daily turnover rate 10 as a basic condition, and pay little attention to stocks that fail to meet this standard. Especially for those stocks whose daily average turnover rate exceeds 5% on 10, if the turnover rate falls below 1% ~ 3%, special attention should be paid.

(7) Pay close attention to the situation when the turnover rate is too high or too low. Too low or too high turnover rate may be the leading indicator of stock price changes in most cases. Generally speaking, after a long period of stock price adjustment, if the turnover rate remains at a very low level for more than a week (such as the weekly turnover rate is below 2%), it often means that both long and short sides are watching. Since the strength of the empty side has been basically released, the stock price has basically entered the bottom area at this time. Since then, even the general good news may trigger a strong rebound in individual stocks.

(8) For the emergence of high turnover rate, the first thing to distinguish is the relative position of high turnover rate. If the previous stocks are traded in large quantities after a long period of downturn, and the high turnover rate can last for several trading days, it can generally be regarded as a more obvious sign of new capital intervention. At this time, the credibility of high turnover is better. Such stocks should have a relatively large room for growth in the future, and the possibility of becoming a strong stock is also great. If a stock suddenly changes hands at a relatively high level, the volume of transactions suddenly increases, which is generally more likely to be a precursor to decline. This situation is mostly accompanied by the favorable introduction of individual stocks or the broader market. At this time, the chips that have been profitable will take the opportunity to go out and successfully complete the issuance. In this case, there is a situation that "all good things are bad things". Investors should be cautious about this high turnover rate.

What if the stock plummets? Escape from diving

Situation 1: The stock in hand has fallen to the cost area.

Suggestion: In this case, cautious investors should choose to leave, and more radical investors should also set a stop-loss price and then observe for a day or two before making a decision. Don't blindly kill stocks, and don't be emotional about the stocks you buy. At this moment, you must be clear-headed.

Situation 2: There is a loss in the stock at hand.

Suggestion: This kind of loss also needs to be classified. Investors can consult relevant information. If the stock in your hand belongs to the fund's heavyweight stock, then don't blindly lighten up your position. Even in the case of a rapid market crash, you can cover positions in batches, dilute costs, and die with the fund. (In case of bear market decline or stock market crash, this suggestion is not applicable. )

However, if it is found that the main force of stocks is mainly manipulated by a few large households, investors should resolutely go out and keep cash in order to gain greater initiative in the case of persistent poor market. Because the main force of this stock generally does not support the market when the market really plummets.

In addition, there are some stocks with relatively light transactions, and there are no obvious signs of major involvement. Then you must set a stop-loss price. The nature of such stocks is mainly to follow the trend. Once you fall below the long-term platform, you must resolutely leave.

Situation 3: Half is money and half is stock.

Suggestion: If investors are profitable and the market trend is always uncertain, they should sell stocks and keep cash. After all, there are many opportunities in the market, and only by retaining cash can we have a greater say in the market.

If these stocks lose money, then investors should choose to make up their positions quickly after the market has fallen sharply and stabilized. However, if the stock has a large increase on the day after covering the position, it can be disguised as T+0 to lock in some profits on the day.

Situation 4: I have money in my hand and want to enter the market.

Suggestion: If you are an aggressive investor and have a certain ability to watch the market, you can rebound according to the market situation, but you should focus on short-term thinking.

Practical skills

1, the stock price of individual stocks rose after a continuous small Yang, and closed at the highest price, which is the main force to pull up the position first, which can be regarded as a rising signal.

2. The stock price of individual stocks is at the bottom, with large orders at the bottom and sporadic selling at the top. From time to time, there are big bosses who blow up the buying below and then sweep away the selling above. This is the main force in the suppression, shock warehouse to absorb goods, can be followed up in moderation.

3. Individual stocks have a daily limit at low prices, but they are not blocked. Instead, it is constantly circulating between "opening-closing-opening", with fierce competition and huge trading volume on that day. This is the main force in the use of the illusion of daily limit oscillation to open positions, often there will be some sudden positive.

4. Individual stocks opened lower and went higher, and they fell from time to time in the session, but there were not many followers, and the selling above was still sparse. Swallow it when there is a big sell order, the bottom rises slowly, the top moves up slowly, and the end is low. This is the main force deliberately suppressed to avoid exposure. In this case, you can intervene in post-suppression.

5. After a long period of bottom consolidation, individual stocks broke through the neckline pressure upwards, and their trading volume was enlarged, standing above the neckline for several days in a row. This breakthrough is real and should be followed up.