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

comments powered by Disqus
Hot Definitions
  1. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  2. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  3. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  4. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  5. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
  6. Limit-On-Open Order - LOO

    A type of limit order to buy or sell shares at the market open if the market price meets the limit condition. This type of ...
Trading Center