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FINANCIAL CHRONICLE™ » CHRONICLE™ ANALYTICS » Stock Charts Explained

Stock Charts Explained

+20
fahumy
SHARK aka TAH
Jiggysaurus
CSE.SAS
Light of Hope
Jeremy
dilshanik
dasunlover
amilaela
Auther
ttissa
Rajaraam
chathu
JennyFunny
Fresher
ssuni
xhora
gann
invest123
Quibit
24 posters

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1Stock Charts Explained Empty Stock Charts Explained Sun Apr 24, 2011 8:43 pm

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Understanding stock charts should be the first step in understanding the art of technical analysis. Stock charts are the basic tool used in technical analysis to predict likely price movements of stocks based on past price movements. There are a number of different charts you can use to do this and today we will explain the most important charts and how these could be interpreted.

The charts simply display where the stock has been, in terms of price, over a time frame (which you can change to suit your needs). Each bar on the chart usually represents a day, however you can change the time frame of the bars with charting software. Two most commonly used charts are candlestick charts and OHLC charts.

Candlestick Charts

This chart is made up of black and white candlesticks with "wicks" at both ends. A white candlestick would indicate that the opening price is lower than the closing price for that stock and a black candlestick would indicate that the closing price is lower than the opening price. In other words, if the price has dropped during a particular day the candlestick will be black and if the price has risen on a particular day the candlestick will be white. If the candle has wicks on either end of it the lower wick would indicate the lowest price for that day whereas the upper wick would indicate the highest price for the day.

[You must be registered and logged in to see this image.]

OHLC Charts

OHLC chart also shows the Opening, High, Low and Closing price of a particular stock for a particular day. A typical OHLC chart would look like follows:

[You must be registered and logged in to see this image.]

This chart again shows data in blue and red lines. If the closing price on a particular day is lower than the opening price, the line will be shown in red and if the closing price is higher than the opening price the line will be in black or blue. The short line sticking out to your left from the main line is the opening price and the short line to the right is the closing price. The highest point is the day' highest whereas the lowest point is the day's lowest. The longer the line the higher the price movement is for a particular day and vice versa.

You will find a lot of these charts as we move on and it is important that you are able to read and interpret the charts if you are to understand the forthcoming techniques!

Sri Lanka Equity Analytics
www.srilankaequity.com

2Stock Charts Explained Empty Re: Stock Charts Explained Tue May 24, 2011 10:35 pm

invest123

invest123
Stock Analytic
Stock Analytic

Very Happy

3Stock Charts Explained Empty Re: Stock Charts Explained Tue May 24, 2011 10:47 pm

gann

gann
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

You have chosen a very Interesting chart Quibit for the lesson. TO add some value I would like to get you attention to that doji appeared after heavy selling , with a small body on march 15th. Look what happened after that. Very Happy Same thing happened prior to that. Can anybody spot it? And the next most important question is whats the difference with the doji's i have mentioned and the rest of the dojis in the chart?

4Stock Charts Explained Empty Re: Stock Charts Explained Tue May 24, 2011 10:54 pm

xhora

xhora
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

March 15th is a hammer. Not a doji. Doji looks like a + sign i.e open and closes on the same price with variations to both high and low side



Last edited by xhora on Tue May 24, 2011 10:59 pm; edited 1 time in total

5Stock Charts Explained Empty Re: Stock Charts Explained Tue May 24, 2011 10:58 pm

gann

gann
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

xhora wrote:March 15th is a hammer. Not a doji. Doji looks like a + sign

Its not a hammer. Price diff of Open and Close is too tight for it to be a hammer. On 9th March there was a hammer.

http://en.wikipedia.org/wiki/Doji



Last edited by gann on Tue May 24, 2011 11:02 pm; edited 2 times in total

6Stock Charts Explained Empty Re: Stock Charts Explained Tue May 24, 2011 11:01 pm

xhora

xhora
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

last time I checked it's called a Hammer Question
[You must be registered and logged in to see this image.]

So that difference apart what the TA signal that can bee seen from this?
Around April 18 I can see a morning star forming and followed by a bull run

7Stock Charts Explained Empty Re: Stock Charts Explained Tue May 24, 2011 11:07 pm

gann

gann
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

xhora wrote:last time I checked it's called a Hammer Question

So that difference apart what the TA signal that can bee seen from this?

Well smart xHora there is a bullish engulfing pattern on 10th march. That didnt help to stop the price fall did it?

8Stock Charts Explained Empty Re: Stock Charts Explained Tue May 24, 2011 11:11 pm

xhora

xhora
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Bullish engulfing needs a confirmation right? price fall in the next day dosen't confirm that so false alarm

9Stock Charts Explained Empty Re: Stock Charts Explained Tue May 24, 2011 11:14 pm

gann

gann
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

xhora wrote:Bullish engulfing needs a confirmation right? price fall in the next day dosen't confirm that so false alarm

Isnt Bullish engulfing a confirmation? and thats not the answer. Let see what others have to say. Should be interesting Very Happy

10Stock Charts Explained Empty Re: Stock Charts Explained Wed May 25, 2011 8:25 am

ssuni

ssuni
Manager - Equity Analytics
Manager - Equity Analytics

tell me, where to get these charts?? is that a software or a web site? my brokerage(CDAX) doesn't provide charts like these.. Sad

11Stock Charts Explained Empty Re: Stock Charts Explained Wed May 25, 2011 8:36 am

Fresher


Moderator
Moderator

ssuni wrote:tell me, where to get these charts?? is that a software or a web site? my brokerage(CDAX) doesn't provide charts like these.. Sad

these are from DirectFN which is the trading software provided by some brokers. CDAX is rather very basic when it comes to these.
you can also refer Bloomberg

12Stock Charts Explained Empty Re: Stock Charts Explained Wed May 25, 2011 8:44 am

ssuni

ssuni
Manager - Equity Analytics
Manager - Equity Analytics



these are from DirectFN which is the trading software provided by some brokers. CDAX is rather very basic when it comes to these.
you can also refer Bloomberg

May I ask my broker about DirectFN or should I buy it?

13Stock Charts Explained Empty Re: Stock Charts Explained Wed May 25, 2011 8:46 am

Fresher


Moderator
Moderator

ssuni wrote:

these are from DirectFN which is the trading software provided by some brokers. CDAX is rather very basic when it comes to these.
you can also refer Bloomberg

May I ask my broker about DirectFN or should I buy it?

what is your broker firm?

14Stock Charts Explained Empty Re: Stock Charts Explained Wed May 25, 2011 11:05 am

ssuni

ssuni
Manager - Equity Analytics
Manager - Equity Analytics



what is your broker firm?

Asia Securities

15Stock Charts Explained Empty Re: Stock Charts Explained Wed May 25, 2011 11:07 am

Fresher


Moderator
Moderator

ssuni wrote:


what is your broker firm?

Asia Securities

just fill a form and they'll create an account within few days. you can download the software from their website.
you cannot use CDAX log in for DFN.

Good Luck!

16Stock Charts Explained Empty Re: Stock Charts Explained Sat Jun 04, 2011 10:37 am

JennyFunny


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Great work..thanks for the info

17Stock Charts Explained Empty Re: Stock Charts Explained Sat Jul 02, 2011 8:10 pm

chathu

chathu
Stock Trader

excellent work

18Stock Charts Explained Empty Re: Stock Charts Explained Sat Jul 02, 2011 8:24 pm

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics

Quibit, excellent. You as Admin make good effort to guide us.

19Stock Charts Explained Empty Training Workshop on using Charts Mon Aug 01, 2011 12:04 pm

ttissa


Stock Analytic
Stock Analytic

Are there any Training courses ( Classroom type workshops) to learn Stock Charting and TA in Sri Lanka?

20Stock Charts Explained Empty Re: Stock Charts Explained Mon Aug 01, 2011 12:38 pm

JennyFunny


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

not that i know of..

21Stock Charts Explained Empty Re: Stock Charts Explained Sun Aug 07, 2011 12:38 pm

Auther

Auther
Senior Equity Analytic
Senior Equity Analytic

Nice work ..friends

22Stock Charts Explained Empty Re: Stock Charts Explained Tue Nov 08, 2011 4:52 pm

amilaela

amilaela
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

kkkkkk

https://www.facebook.com/profile.php?id=100001851586843

23Stock Charts Explained Empty Re: Stock Charts Explained Tue Nov 20, 2012 9:46 am

dasunlover


Stock Trader

Original Articales - http://goo.gl/sV7tb

http://dasunartworks.com

24Stock Charts Explained Empty Re: Stock Charts Explained Mon Nov 26, 2012 4:31 pm

dilshanik


Stock Trader

keep going Smile

25Stock Charts Explained Empty Re: Stock Charts Explained Sat Mar 08, 2014 6:25 pm

Jeremy

Jeremy
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Great way to start your technical analysis of stocks. Great contribution from past admins.

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