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The range of an asset’s price is simply the difference between its high and low points over a set period. Range is important for technical analysts and in the plotting of certain chart types, most notably candlestick charts. A wide range, especially over a short period, indicates a more volatile asset. Traders use range alongside other technical indicators to generate trade ideas and confirm their strategies when participating in the financial markets.
Traders are mostly interested in range for the purposes of technical analysis. The most famous use of range in technical analysis is in candlestick charting, where the limit of the wicks of the candle indicates the top and bottom of the overall price range. Different patterns can emerge when looking at the range over multiple sessions, which can be clearly visualised using candlestick charts.
The broader the range of an asset, the more volatile recent trading sessions have been. The direction of travel is also important within the range, as of course is the time period. For example, we would expect a large range for a period of one year on all but the most stable assets, but a large price range for a one month period could be concerning. Range does not indicate whether an asset has increased or decreased in price, so it should not be used in isolation.
ADSS offers a range of global markets for traders, with CFD opportunities in indices, commodities, forex, equities and more. We also feature tutorials, how-to guides, and weekly webinars to help you navigate the financial markets and find better trading opportunities. You can start trading and investing online by opening a live trading or demo trading account.
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Investing in CFDs involves a high degree of risk that you will lose your money due to the use of leverage, particularly in fast moving markets, where a relatively small movement in the price can lead to a proportionately larger movement in the value of your investment. This can result in loses that exceed the funds in your account. You should consider whether you understand how CFDs work and you should seek independent advice if necessary.
ADS Securities LLC – S.P.C (“ADSS”) is authorised and regulated by the Securities and Commodities Authority (“SCA”) in the United Arab Emirates under First Category: Dealing in Securities and Fifth category: Arrangement and advice (Introduction). ADSS is a Limited Liability Company – Sole Proprietorship Company incorporated under United Arab Emirates law. The company is registered with the Department of Economic Development of Abu Dhabi (No. 1190047) and has its principal place of business at 8th Floor, CI Tower, Corniche Road, P.O. Box 93894, Abu Dhabi, United Arab Emirates.
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ADSS is an execution only service provider and does not provide advice. ADSS may publish general market commentary from time to time. Where it does, the material published does not constitute advice, or a solicitation, or a recommendation to a transaction in any financial instrument. ADSS accepts no responsibility for any use of the content presented and any consequences of that use. No representation or warranty is given as to the completeness of this information. Anyone acting on the information provided does so at their own risk.
