Statistics of Price Movements of Tri City Bankshares (TRCY)

The price movements of Tri City Bankshares (ticker TRCY) are summarized in five ways:

• Table 1. Statistics of daily price changes using the closing prices
• Table 2. Statistics of daily price changes using the closing and opening prices
• Table 3 – 7. Statistics of daily price changes when TRCY opened with an increase of 1%, 2%, 3%, 4%, or more than 5%
• Table 8 – 10. Statistics of stock price changes in the 20 days after TRCY had a big price move
• Table 11. Statistics of daily price changes in the 20 days after TRCY moved 5% with twice the 30-day average volume

The statistics are calculated using TRCY's price data across 1,544 trading days from 2015 to 2020.

Table 1. Statistics of TRCY one-day price changes

In this table, the one-day price change is calculated using the closing price and the previous day's closing price.

In the past 1,544 trading days, 24.6% of the time (380 days), TRCY closed above the previous day's closing price. 26.2% of the time (404 days), it closed below the previous day's closing price. 49.2% of the time (759 days), it did not change.

Also see: VIX price movement study.

TRCY Price Change (%)	Number of Days	% of Total Sessions
6 – 7%	2	0.13%
5 – 6%	4	0.26%
4 – 5%	7	0.45%
3 – 4%	12	0.78%
2 – 3%	26	1.69%
1 – 2%	57	3.69%
0 – 1%	272	17.63%
0%	759	49.19%
0 – -1%	297	19.25%
-1 – -2%	64	4.15%
-2 – -3%	22	1.43%
-3 – -4%	14	0.91%
-4 – -5%	2	0.13%
-5 – -6%	3	0.19%
-6 – -7%	2	0.13%

Table 2. Statistics of TRCY: Closing vs. Open

In this table, instead of using the closing price of the previous day, the opening price is used to calculate the one-day price change of TRCY.

16.3% of the time (252 days), TRCY closed above the opening price. 17.6% of the time (271 days), it closed below the opening price. 66.1% of the time (1,021 days), it closed where it started.

Closing - Open (%)	Number of Days	% of Total Sessions
9 – 10%	1	0.06%
6 – 7%	1	0.06%
5 – 6%	2	0.13%
4 – 5%	2	0.13%
3 – 4%	8	0.52%
2 – 3%	18	1.17%
1 – 2%	32	2.07%
0 – 1%	188	12.18%
0%	1,021	66.13%
0 – -1%	208	13.47%
-1 – -2%	40	2.59%
-2 – -3%	16	1.04%
-3 – -4%	4	0.26%
-4 – -5%	1	0.06%
-5 – -6%	1	0.06%
-6 – -7%	1	0.06%

Table 3. One-day performance when TRCY opened 5% higher than previous close

In the past 1,544 trading days, TRCY opened more than 5% higher than the previous day's closing price 2 times. Of these days, 0.0% (0 days) had closing prices above the opening price, and 0.0% (0 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
0%	2	100.00%

Table 4. Closing vs. open when TRCY opened 4–5% higher

On 3 days, TRCY opened 4–5% higher than the previous day's closing price. Of these days, 0.0% (0 days) had closing prices above the opening price, and 66.7% (2 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
0%	1	33.33%
0 – -1%	1	33.33%
-3 – -4%	1	33.33%

Table 5. Closing vs. open when TRCY open 3 – 4% higher

6 times TRCY opened 3 – 4% higher than the previous day's closing price. Among these days, 0.0% (0 days) closed above the opening price, 33.3% (2 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
0%	4	66.67%
0 – -1%	1	16.67%
-5 – -6%	1	16.67%

Table 6. Closing vs. open when TRCY open 2 – 3% higher

19 times TRCY opened 2 – 3% higher than the previous day's closing price. Among these days, 15.8% (3 days) closed above the opening price, 26.3% (5 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
2 – 3%	1	5.26%
0 – 1%	2	10.53%
0%	11	57.89%
0 – -1%	2	10.53%
-2 – -3%	2	10.53%
-3 – -4%	1	5.26%

Table 7. Closing vs. open when TRCY open 1 – 2% higher

41 times TRCY opened 1 – 2% higher than the previous day's closing price. Among these days, 19.5% (8 days) closed above the opening price, 36.6% (15 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
3 – 4%	1	2.44%
2 – 3%	2	4.88%
1 – 2%	2	4.88%
0 – 1%	3	7.32%
0%	18	43.90%
0 – -1%	4	9.76%
-1 – -2%	8	19.51%
-2 – -3%	3	7.32%

Table 8. Periods when TRCY moved 15% or more

In this table, we track the price movements in the 20 days after TRCY had a one-day price change of at least 15%.

Date	Price Change	Price Change after 15% Move
Days after:		1	4	7	10	13	16	19

Table 9. Periods when TRCY moved 10% or more

In this table, we track the price movements in the 20 days after TRCY had a one-day price change of at least 10%.

Date	Price Change	Price Change after 10% Move
Days after:		1	4	7	10	13	16	19

Table 10. Periods when TRCY moved 5% or more

In this table, we track the price movements in the 20 days after TRCY had a one-day price change of at least 5%.

Date	Price Change	Price Change after 5% Move
Days after:		1	4	7	10	13	16	19
20180906	6.5%	-2.0	-5.3	-6.1	-2.0	-5.3	-6.7	-5.7
20200429	6.2%	.0	-2.9	-6.6	-5.9	-6.0	-6.1	-6.5
20181126	5.8%	-5.7	-4.7	-5.5	-9.7	-9.4	-14.6	-17.8
20200819	5.3%	.0	-2.8	.1	-2.5	-2.5	-2.1	-1.7
20150429	5.2%	.0	-3.1	-1.4	-1.4	-5.2	-4.9	-5.0
20190118	5.2%	.0	-1.3	-3.5	.5	1.2	1.2	1.5
20200306	-5.2%	-7.0	-10.4	-10.1	-15.2	-15.0	-14.4	-15.2
20181127	-5.6%	.2	1.1	-1.7	-6.2	-5.7	-10.2	-12.8
20200318	-5.7%	3.0	.0	4.4	-2.3	2.2	1.7	1.0
20200401	-6.2%	2.3	4.1	4.1	2.7	3.4	1.7	10.3
20200309	-6.9%	.6	-3.7	-8.9	-8.9	-4.9	-5.1	-6.7

Table 10a. TRCY average price changes following a 5% up day

Of the 1,544 trading days from 2015 to 2020, there were 6 days in which TRCY was up more than 5%. This table shows the average price changes over the 6 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 5%	-1.3	-3.3	-3.8	-3.5	-4.5	-5.5	-5.9

Table 10b. TRCY average price changes following a 5% down day

Of the 1,544 trading days from 2015 to 2020, there were 5 days in which TRCY was down more than -5%. This table shows the average price changes over the 5 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -5%	-.2	-1.8	-2.5	-6.0	-4.0	-5.2	-4.7

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Also see: VIX price movement study.