Weekly Chart

AAA

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.

INVESTOPEDIA EXPLAINS '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. Chart Formation

    A graphical depiction of a stock's price movements over time. ...
  2. Candlestick

    A chart that displays the high, low, opening and closing prices ...
  3. Bar Chart

    A style of chart used by some technical analysts, on which, as ...
  4. OHLC Chart

    Short for "Open, High, Low, Close chart." This is a securities ...
  5. Technical Analysis

    A method of evaluating securities by analyzing statistics generated ...
  6. Line Chart

    A style of chart that is created by connecting a series of data ...
Related Articles
  1. Charting Your Way To Better Returns
    Active Trading Fundamentals

    Charting Your Way To Better Returns

  2. An Introduction To J-Charting
    Forex Education

    An Introduction To J-Charting

  3. How Market Psychology Drives Technical ...
    Active Trading Fundamentals

    How Market Psychology Drives Technical ...

  4. Trading Multiple Time Frames In FX
    Forex Education

    Trading Multiple Time Frames In FX

Hot Definitions
  1. Halloween Strategy

    An investment technique in which an investor sells stocks before May 1 and refrains from reinvesting in the stock market ...
  2. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  3. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  4. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  5. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  6. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
Trading Center