congestion area

Congestion Area

In technical analysis, a series of very similar prices at which a security trades for an extended period of time. For example, if a stock trades between $12.50 and $13.25 for several trading days, this price range is said to be that stock's congestion area. A congestion area indicates that supply and demand for a security are relatively equal; as a result, most technical analysts do not recommend buying or selling such a security until it breaks the congestion area in one direction or another.

congestion area

congestion area

In technical analysis, a horizontal band on a point-and-figure chart resulting from a stock price fluctuation within a narrow price range. Because a congestion area indicates an equality of supply and demand, technicians wait until the stock breaks through the upper or lower bound before committing funds. See also horizontal count.

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References in periodicals archive ?

We broke above the three-year congestion area to reach new highs at 8,500-8,600.

YearEnder: Stocks end 2017 on high note

ODOT officials said they recognize that the Beltline/Delta interchange is an ongoing safety and congestion area of concern for many motorists.

Work starts on Beltline

The market has entered congestion area, starting 33,600 to 35,000.

STOCK WATCH

Although progress is being made in expanding California's energy infrastructure, Southern California's economic and strategic significance to the nation is so large that the department finds it to be a critical congestion area,'' wrote authors of the National Electric Transmission Congestion Study.

FEDS NOTE POWER-GRID STRAINS IN CALIFORNIA, NORTHEAST U.S

Meanwhile in London's congestion area a fee must be paid up t o 6.

Rex Makin: Law antics at Jacko's trial not astounding

The proposed new congestion area would be bounded by Harrow Road, Scrubs Lane, West Cross Route, Earls Court one-way system and Chelsea Embankment.

Congestion charge plan needs more work says Ken

People living on or near roads bordering the congestion area were particularly vociferous.

Day of chaos that never was

It is the owner of the original vehicle who will have to foot the bill and he may have difficulty explaining his car was not in the congestion area.

WHERE HAS MY NUMBER PLATE CON?

The Manchester plans would have created the country's biggest congestion area - around 80 square miles inside the M60 - charging drivers up to pounds 5 a day.

END OF THE ROAD; Manchester's 'No' to a congestion zone may kill traffic charge plans

The proposed new congestion area would be an area broadly bounded by Harrow Road, Scrubs Lane, West Cross Route, Earls Court One Way System and Chelsea Embankment.

Anger as Ken poised to widen pay zone

30pm when the congestion area is extended into West London in early 2007.

6pm end for drive charges

A push above there exposes a congestion area that begins at 1.

Mounting Job Losses in The U.K. Would Validate The Bearish Pound Technical Outlook