All stock movement can be characterized as alternating between trend and range. This observation is true for all time frames. Markets move through a constant cycle of synergy, balance and conflict as trend intensity and direction shift alignment through different period views. The strongest trends arise when multiple time frames stack up into directional positive feedback. The most persistent ranges emerge when discontinuity increases the noise of negative feedback through many periods and stalls price change.
Technical indicators have difficulty viewing both trend and range at the same time.
As a result, important formulae tend to align along specialized paths that focus on one or the other. Use trend-following tools such as moving averages, MACD and price ROC to look into the rear view mirror and establish trend strength, momentum and direction. Then reach forward with RSI, Stochastics and other oscillators to inspect swing range cycles that trap markets between measurable extremes. You can investigate a poorly understood quirk of market behavior using a third class of indicators. Traders exploit this market behavior when they can locate extreme price zones.