candlestick
n. countablen. a chart that shows the high, low, and closing prices of a stock or currency over a specific time. It looks like a candle with a thick middle and thin lines on top and bottom.
n. a graphical representation of financial data showing the open, high, low, and close prices of an asset over a specific period. The body represents the range between the open and close, while the wicks indicate the high and low.
The trader looked at the candlestick to see how the stock performed today.
By analyzing the candlestick patterns, the analyst could predict a potential price reversal in the coming weeks.
While traditional bar charts provide similar data, the candlestick offers a more intuitive visual representation of market sentiment through its distinct body and shadow lengths.
From Middle English candelstik, candelstikke, from Old English candelsticca (“candlestick”), equivalent to candle + stick. Cognate with Scots candilsteke, candilstik (“candlestick”). Compare Old Norse kertastika, kertistika (“candlestick”).