What Is Entry Range?
The price area between the moving averages Wealth Catchers watches on a daily or weekly chart.
The Full Definition
The Entry Range is a Wealth Catchers technical-context concept. On each chart, daily and weekly, it runs from the lowest to the highest of the qualifying reference levels: the 100, 200 and 253-period simple moving averages, plus the 400-period average only when it's in play under our method. It describes where the price sits, Above, In or Below the range, relative to levels we monitor when evaluating new capital. It isn't a prediction of the bottom, a guarantee or a buy signal. Below the range doesn't automatically mean a better buy: it can mean the price has broken down through levels that used to matter. Above the range doesn't mean sell, and it says nothing bad about the business. RSI and MACD add momentum context but never create or move the range, and the Research View is a separate judgment that can differ.
Real-World Example
If a stock's 100-, 200- and 253-day averages are $90, $84 and $80, its Daily Entry Range runs from $80 to $90. At $95 the price is above the range; at $86 it's in it.