| A candlestick chart is a price chart used in technical analysis to display the high, low, opening, and closing prices of a security for a period of time in a shape close to a candlestick. The "real body," which is the wide part of the candlestick, indicates whether the closing price is higher or lower than the opening price. The candlesticks appear black or red if the stock closes lower than the opening price and white or green if the stock closes higher. Japanese rice merchants and traders created the Japanese candlestick chart to track market prices and daily momentum for hundreds of years before becoming popular in the United States. |