To help you research companies faster and easier we've added a new improved charting function to the company dashboard in the screener. The candlestick chart includes 20-, 50-, 100- and 200-day simple moving averages that you can turn on and off with a simple mouse click.
To turn a moving average on or off, simply click the coloured legend at the bottom of the chart for each of the simple moving average values.
How to add and remove moving averages
Six Months Default and How to Enlarge
The chart is a candlestick chart that shows the high low and close of each day along with the colours green if the price was up for the day and red if it was down.
The default chart shows you six months of price data but if you hold your mouse pointer over the chart and move your mouse wheel, the chart gets longer in other words goes back in time or shorter in other words showing you a shorter time period.
The maximum period that can be shown is three years.
If you click on the magnifying glass at the top right, the chart opens to full screen width so you can see it in more detail.
What a Candlestick Chart Shows You
A Candlestick chart is designed to give you a lot of information including trading patterns.
This is what it looks like:
Candlestick chart example
A single data point (Candle) on a Candlestick chart shows you the movements of a stock prices over a day.
Each candle in a candlestick chart shows you:
- Open Price
- Highest price of the day
- Lowest price of the day
- Closing price
- Days movement in colour
What a Candlestick shows you
In the Candlestick chart, each trading day or price point consists of a rectangle (body or real body) and a vertical line (shadow, wick, or tail).
The top and bottom values of a shadow show you the highest and lowest prices of the stock for that day.
The bottom and top values of the body (rectangle) show the opening and closing price of a stock.
Movement On the Same Day
The fill colour of the candle show you if the Close price is higher (empty) or lower (filled red) than the Open price of the same day.
If the stock closes higher than its opening price the candle is not coloured. It if the stock closes lower than its opening price, the candle is red, and the body is filled with red.
Movement Compared to The Previous Close
The outline of the candle (not fill colour) shows you if the Close price is higher (green) or lower (red) than the previous day’s closing price.
How to Understand a Candlestick Chart
Look for the following:
- Colour - Green (bullish) or red (bearish) candles.
- Body size - A wide range between open/close means a large price move
- Wick size - Long wicks indicate high volatility and swinging prices
