- Nearly all recent buyers are at a loss with a concentrated, loss-making holder base creating significant overhead supply and resistance on any rally attempt.
- Latest data shows very low profit ratio of only 1.94%, meaning nearly all recent buyers are at a loss
- Average cost is estimated at $159.53, significantly above current price of $146.44
- Creates large pool of 'trapped' holders who may become sellers on any price rebound, creating overhead supply
- 70% cost concentration range is narrow (3.65%), between $152.77 and $164.35
- Current price is below this entire range, indicating high degree of consensus among recent buyers now sitting on losses
- 90% cost range is between $149.40 and $165.32
- Price is below lower bound of this range, putting over 90% of estimated recent holders underwater
- Concentrated, loss-making holder base acts as significant source of potential selling pressure (resistance) on any rally attempt towards $149-$152 zone
Data is estimated based on turnover rate, high, low, open, and close prices. Profit ratios may vary significantly across different brokerage tools.