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The low of the day is the lowest price a market traded for the session. Let’s say stock XYZ opens at $100, increases to $105, decreases to $98, and closes higher than $98 at the end of the trading day. In this example, the low of the day is $98. 

The chart time-frame you’re looking at determines the high price of the corresponding time-frame. A weekly chart will display the low price of the week, while the monthly chart will display the low price of the month.

A 1-minute chart displays the lowest price for the minute, and so forth.

The low price of the session is important, but can be deceptive.

The low price of a candlestick reflects the lowest price at which selling (supply) exceeded demand (buying). Excluding prices closing at the low, buying pressure exceeded selling pressure at the low price of the session.

For prices to move below the low price of the session – selling must exceed demand at the lower price rea.

Figure 1.1 Low Price of Session

Low Price of Session

Some day-traders look to enter long near an established low price for a session; the level often functions as support for the time-frame.

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