- The day range refers to the difference between the highest and lowest trading prices of a security within a single trading day.
- It indicates the volatility for that day, with a larger range suggesting more price movement and potential for profit or loss.
- Day traders use the day range to assess potential trade opportunities, setting entry and exit points within this range.
So, I've been trying to wrap my head around this whole day range thing in market analysis, right? Like, what's the big deal with it and how's it actually used by traders to make decisions? Is it just about the high and low prices for the day or is there more to it? Would love to get the lowdown on this because it seems kinda crucial for getting the whole picture.
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