Define: Closing Range

Closing range refers to the final price at which a security is traded on a particular trading day. It is the last price at which a security is bought or sold before the market closes.

The closing range is determined by the last transaction that takes place before the market closes. This price is typically used as a reference point for calculating daily price changes and determining the closing value of a security.

The closing range is important because it provides investors and traders with valuable information about the market sentiment and the overall performance of a security. It is often used to assess the strength or weakness of a particular stock or market.

While it is theoretically possible for the closing range to be manipulated, securities regulators have implemented various measures to prevent market manipulation. These measures include strict regulations, surveillance systems, and penalties for fraudulent activities.

The closing range of a security is typically available through financial news websites, stock exchanges, and brokerage platforms. It is usually published shortly after the market closes.

Yes, the closing range can vary across different exchanges, especially in cases where a security is listed on multiple exchanges. Each exchange may have its own closing range based on the last transaction that occurred on that specific exchange.

No, the closing range and the closing price are not the same. The closing range refers to the range of prices at which a security is traded before the market closes, while the closing price is the specific price at which the last transaction occurred.

Yes, the closing range can have an impact on the opening price of the next trading day. If there is significant buying or selling pressure during the closing range, it can influence the market sentiment and potentially lead to a gap-up or gap-down opening on the next trading day.

The closing range is updated once the market closes for the day. It is typically available shortly after the closing bell and remains unchanged until the next trading day.