Weekly Chart

DEFINITION of 'Weekly Chart'

A chart where each data point is comprised of the price movement for a single week of trading. This type of chart typically shows high, low, open, and close for the whole week and does not show the day-to-day movements of the security. This type of chart is used by technical analysts to gauge the long-term trend of a given asset.

BREAKING DOWN 'Weekly Chart'

A weekly chart can vary in appearance depending on what form of chart the analyst chooses to use. For example, a weekly line chart will only include the weekly closing price while a weekly candlestick chart will display the open, high, low and close for the week. This chart construction is used to give a long-term view of the security as it includes much more historical price movement than an equivalent period day chart.

RELATED TERMS
  1. OHLC Chart

    Short for "Open, High, Low, Close chart." This is a securities ...
  2. Daily Chart

    A line graph that displays the intraday movements of a given ...
  3. Line Chart

    A style of chart that is created by connecting a series of data ...
  4. Reversal Amount

    The amount of price movement required to shift a chart to the ...
  5. Technical Analysis

    A method of evaluating securities by analyzing statistics generated ...
  6. Forex Charts

    A charting package that allows a trader to view historical currency ...
Related Articles
  1. Trading

    Analyzing Chart Patterns

    Learn how to evaluate a stock with a few easy-to-identify patterns.
  2. Trading

    Analyzing Chart Patterns: Why Charts?

    By Chad Langager and Casey Murphy, senior analyst of ChartAdvisor.com Before the advent of computers and data feeds, the use of charts to formulate trading strategies was outside the mainstream ...
  3. Trading

    Analyzing Chart Patterns: Introduction

    By Chad Langager and Casey Murphy, senior analyst of ChartAdvisor.com Ever looked at the chart of a stock or commodity? Most likely, you have. Just about everyone who has ever analyzed a security ...
  4. Trading

    What Your Trading Charts Aren't Telling You

    You may be missing some key statistics when following charts in the market.
  5. Trading

    Candlestick Charting: What Is It?

    Discover the components and basic patterns of this ancient technical analysis technique.
  6. Trading

    Introduction To Swing Charting

    Discover why traders use swing charts, how they construct them and how they use them.
  7. Trading

    Tiger Trading: Long-Term Charts For Short-Term Currency Trades

    Stock traders can add currencies to their portfolios by using this patient investing strategy.
  8. Trading

    Tips For Creating Profitable Stock Charts

    Find out how to create well-designed charts that will enhance your market analysis.
  9. Trading

    Trend Tips For Every Type Of Trader

    Profitable trading opportunities unfold with specific time requirements.
  10. Trading

    Moving Average

    Learn about this basic technical indicator and how you can use it to chart the value of a security's price over a set period.
RELATED FAQS
  1. What types of data are necessary to make a technical analysis?

    Understand what technical analysis is, the basic theory behind employing it and what data inputs are needed to conduct it. Read Answer >>
  2. What are the differences between a bar chart and candle sticks?

    Explore the difference between bar and candlestick charts. Learn how technical analysts use charts in the analysis of supply ... Read Answer >>
  3. Why is the Ease Of Movement Indicator important for traders and analysts?

    Read more about the ease of movement indicator, a technical momentum oscillator created by Richard Arms to track price changes ... Read Answer >>
  4. What does it mean when there is "price action"?

    Price action refers to the day-to-day fluctuation in the price of an asset. Traders gauge a stock's price action by monitoring ... Read Answer >>
  5. What are the main differences between an Equivolume chart and a Candlestick chart?

    Read about the similarities and differences between how trading information is conveyed in Japanese candlestick charts and ... Read Answer >>
  6. How do I use the Ease Of Movement Indicator to create a forex trading strategy?

    Discover how forex traders can apply the ease of movement indicator with currency pairs to and highlight how sensitive price ... Read Answer >>
Hot Definitions
  1. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  2. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  3. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  4. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  5. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
  6. Omnibus Account

    An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined ...
Trading Center