Daily Change
Definition of Daily Change
What is the daily change?
The daily change represents the fluctuation of any given security over the course of a trading session. It is measured very simply by comparing the price of the security at the end of a trading session to its closing price at the end of the previous session.
How does one use the daily change?
The importance of the daily change is quite straightforward.
- It enables traders to track how much money they have earned or lost during a day’s trading.
- It is used, together with the daily changes of previous and subsequent days to determine long-range trends of the security, thus providing traders with an excellent technical analysis tool for building trading strategies.
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