Rangebound

Rangebound

Describing a security that trades between two relatively close prices. That is, a rangebound security is not trending in either direction. For example, a stock that trades between $45 and $46 over the course of a trading day may be described as rangebound.
References in periodicals archive ?
On that basis we expect the market to remain rangebound for the time being," Ole Hansen, head of commodity strategy.
Treasury Action: yields rebounded towards highs following the early returns on the Senate vote/deal to kick the can to February 8th and reopen the government in the meantime, though they remain roughly rangebound.
On Thursday, the key indices closed a rangebound trade session in the red as weak global cues, along with heavy selling in auto stocks, kept investor sentiments subdued.
The stock market witnessed a rangebound session, as it finished its last trading day of the week on a negative note.
In this scenario, I expect the (NSE) Nifty to be rangebound with a downward bias.
Oil markets are caught in a rangebound trade, with little or no clear directions of where prices are heading," Bernard Aw, market strategist at IG Markets in Singapore, told AFP.
Despite a decline in forecasted sugar production in 2015 visavis previous year, prices are expected to remain rangebound over the foreseeable horizon on account of carry over stocks.
We advise traders to use RSI (relative strength index) for this kind of strategy because a rangebound indicator like this will give reliable buy/sell triggers," he said.
The market got off to a lackluster start following a largely muted lead from Wall Street overnight with trading remaining rangebound, until investors were given a flash of encouragement mid-morning with data from the HSBC flash China manufacturing purchasing managers' index for October.
Some buying has occurred on the back of Ukraine concerns, but for the moment we are still rangebound," said IG trader Brenda Kelly.
As long as the value of the rupee is rangebound, which is what we believe it will be, I do not think it should be a matter of concern.
The general view on this is that the markets will remain rangebound in the short term.