Closing Tick
 |
Definition of 'Closing Tick'The difference between the number of stocks that closed higher than their previous trade (i.e. closed on an uptick) and the number of stocks whose closing prices were lower than their previous trade (i.e. closed on a downtick). A closing tick is used by traders as a technical indicator to denote strength or weakness in the broad market. Since buying at the close generally indicates market strength, a sustained series of positive closing ticks indicates bullishness, while a series of negative closing ticks indicates bearishness. The most widely watched closing tick is that of the New York Stock Exchange (NYSE). |
 |
Investopedia explains 'Closing Tick'Just as the closing price of a security is of more importance to traders than its intra-day prices, the closing tick is more important than intra-day ticks because it indicates where the market closed on a given day.For example, if the difference between stocks closing on an uptick on the NYSE and those closing on a downtick on the NYSE is 500, then the NYSE's closing tick would be 500. |
Related Definitions
Articles Of Interest
-
Understanding The Ticker Tape
We explain the meaning and use of that reel of symbols whizzing across your TV or computer screen. -
What is the downtick-uptick rule on the NYSE?
To ensure orderly markets, the New York Stock Exchange (NYSE) has a set of restrictions that it can implement when experiencing significant daily moves, either up or down. Many of these restrictions ... -
A Primer On The MACD
Learn to trade in the direction of short-term momentum. -
Market Not Worried About Taper - Ahead of Wall Street
Stocks appear to have priced in the taper announcement ahead of the Fed announcement tomorrow. -
Biggest Contrarian Opportunities in ETFs
Contrarian investing is a well-known strategy in which an investor takes a position contrary to the majority of the investing world or against any prevailing trends. The methodology was perhaps ... -
Bear of the Day: Ruby Tuesday's (RT) - Bear of the Day
Bear of the Day: Ruby Tuesday's (RT) - Bear of the Day -
Bull of the Day: Calavo Growers (CVGW) - Bull of the Day
Bull of the Day: Calavo Growers (CVGW) - Bull of the Day -
Tuesday’s ETF Chart To Watch: XHB Rally In Focus After Home Builders’ Index Release
Stocks kicked off the week on a winning note as investors rejoiced after Larry Summers withdrew his bid to be the next Federal Reserve chairman. Markets were glad to see a hawk drop out of the ... -
Market Wrap For Monday, September 16: Investors Seem Oblivious To Looming Obstacles
Despite monstrous looming economic hurdles, equity markets pushed higher. Last Wednesday, the Federal Reserve is expected to announce reduction of its $85 billion bond buying program, confrontation ... -
Unique Indicator Signals More Gains May Be In Store
Stocks have been strong heading into the Federal Reserve's quarterly press conference. They are now back to levels reached in May, before speculation about tapering picked up. This week, ...
Free Annual Reports