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Sri Lanka Equity Forum » Stock Market Charts & Graphs » Stock Charts Explained

Stock Charts Explained

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

Quibit

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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

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

invest123

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Stock Analytic
Stock Analytic
Very Happy

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

gann

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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?

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

xhora

avatar
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

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

gann

avatar
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

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

xhora

avatar
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

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

gann

avatar
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?

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

xhora

avatar
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

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

gann

avatar
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

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

ssuni

avatar
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

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

Fresher


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

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

ssuni

avatar
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?

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

Fresher


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?

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

ssuni

avatar
Manager - Equity Analytics
Manager - Equity Analytics


what is your broker firm?

Asia Securities

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

Fresher


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!

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

JennyFunny


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Great work..thanks for the info

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

chathu

avatar
Stock Trader
excellent work

18 Re: Stock Charts Explained on 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.

19 Training Workshop on using Charts on 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?

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

JennyFunny


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
not that i know of..

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

Auther

avatar
Senior Equity Analytic
Senior Equity Analytic
Nice work ..friends

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

amilaela

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
kkkkkk

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

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

dasunlover


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

http://dasunartworks.com

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

dilshanik


Stock Trader
keep going Smile

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

Jeremy

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Great way to start your technical analysis of stocks. Great contribution from past admins.

26 Re: Stock Charts Explained on Sat Mar 08, 2014 9:50 pm

Light of Hope


Vice President - Equity Analytics
Vice President - Equity Analytics
Past admins had great people to support. People who had knowledge, tech know-how, extensive experience, better than the broker research analyzers, accounts professionals, etc.

Whom you have Mr.GM now? All you can do now is bringing up some past posts and show that the forum did well in those days.

27 Re: Stock Charts Explained on Sat Mar 08, 2014 11:22 pm

CSE.SAS

avatar
Global Moderator
@Light of Hope wrote:Past admins had great people to support. People who had knowledge, tech know-how, extensive experience, better than the broker research analyzers, accounts professionals, etc.

Whom you have Mr.GM now? All you can do now is bringing up some past posts and show that the forum did well in those days.

Well said bro  Smile 

28 Re: Stock Charts Explained on Sat Mar 08, 2014 11:30 pm

Jiggysaurus

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Light of Hope wrote:Past admins had great people to support. People who had knowledge, tech know-how, extensive experience, better than the broker research analyzers, accounts professionals, etc.

Whom you have Mr.GM now? All you can do now is bringing up some past posts and show that the forum did well in those days.

What about Valueprick? He is great help for GMNet.

29 Re: Stock Charts Explained on Sat Mar 08, 2014 11:55 pm

CSE.SAS

avatar
Global Moderator
@Jiggysaurus wrote:
@Light of Hope wrote:Past admins had great people to support. People who had knowledge, tech know-how, extensive experience, better than the broker research analyzers, accounts professionals, etc.

Whom you have Mr.GM now? All you can do now is bringing up some past posts and show that the forum did well in those days.

What about Valueprick? He is great help for GMNet.

 lol! lol! lol! lol! lol! 

30 Re: Stock Charts Explained on Sun Mar 09, 2014 4:17 pm

Light of Hope


Vice President - Equity Analytics
Vice President - Equity Analytics
@Jiggysaurus wrote:
@Light of Hope wrote:Past admins had great people to support. People who had knowledge, tech know-how, extensive experience, better than the broker research analyzers, accounts professionals, etc.

Whom you have Mr.GM now? All you can do now is bringing up some past posts and show that the forum did well in those days.

What about Valueprick? He is great help for GMNet.

Valueprick = GMNet  Twisted Evil Twisted Evil Twisted Evil

31 Re: Stock Charts Explained on Thu Apr 10, 2014 10:05 pm

SHARK aka TAH

avatar
Expert
Expert
@Light of Hope wrote:
@Jiggysaurus wrote:
@Light of Hope wrote:Past admins had great people to support. People who had knowledge, tech know-how, extensive experience, better than the broker research analyzers, accounts professionals, etc.

Whom you have Mr.GM now? All you can do now is bringing up some past posts and show that the forum did well in those days.

What about Valueprick? He is great help for GMNet.

Valueprick = GMNet  Twisted Evil Twisted Evil Twisted Evil
Dear LoH why dont you contribute to this forum with your knowledge and experience than wasting your time trying to pick whos equal who  affraid 

32 Re: Stock Charts Explained on Thu Apr 24, 2014 11:31 am

fahumy


Stock Trader
Very Happy 

33 Re: Stock Charts Explained on Fri Apr 25, 2014 12:49 am

SHARK aka TAH

avatar
Expert
Expert
NEST will move  Very Happy 

34 Re: Stock Charts Explained on Fri Apr 25, 2014 10:09 am

SHARK aka TAH

avatar
Expert
Expert
JKH coming down... will it hit jackpot 225 or mega jackpot 210

35 Re: Stock Charts Explained on Fri Apr 25, 2014 10:28 am

SHARK aka TAH

avatar
Expert
Expert
we have to be careful with jkh now that its associated with casino (integrated resorts)

36 Re: Stock Charts Explained on Fri Apr 25, 2014 10:33 am

dhanurrox


Vice President - Equity Analytics
Vice President - Equity Analytics
SHARK wrote:JKH coming down... will it hit jackpot 225 or mega jackpot 210
What is this? Very Happy 

37 Re: Stock Charts Explained on Fri Apr 25, 2014 11:11 am

SHARK aka TAH

avatar
Expert
Expert
I am suspecting this run will end 240, now some correction needed what you say Dhan

38 Re: Stock Charts Explained on Tue Jun 24, 2014 5:17 pm

epicresearch1


Stock Analytic
Stock Analytic
very nice chart and information.

39 Re: Stock Charts Explained on Tue Nov 25, 2014 12:15 am

mayabi


Stock Analytic
Stock Analytic
Good information for all of the newbie. The newbie can know many important information from this thread.

40 Re: Stock Charts Explained on Wed Mar 18, 2015 12:29 pm

noels


Equity Analytic
Equity Analytic
I saw a name board saying that they conduct stock market classes, that is at duplication road when you pass Bambalapitiya towards Dickmons Rd and turn to the Lauris Rd. on your right hand you will see the name board.
You can go the website called investopidia where all the stock charts are explained.

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