This is often used as an indicator of market sentiment
As a finance professor, I often come across the term "intraday low" in my lectures. It refers to the lowest price at which a security has been traded during a single trading day. This information is crucial for investors as it provides insights into market sentiment and can help in making informed decisions. The intraday low is usually compared to the closing price to determine the overall performance of a security for the day. It is an important concept to understand in the world of finance, where timing is critical and market trends can shift quickly. So, keeping an eye on the intraday low can give investors an edge in their investment strategies.
