Stock Market Forum, Penny Stocks, FOREX, NASDAQ, AMEX, NYSE, Live Chat  

Sponsors


Our Forums
St. Croix Life
Motorized Bicycles
Alternative Energy


Go Back   Stock Market Forum, Penny Stocks, FOREX, NASDAQ, AMEX, NYSE, Live Chat > Stock Market School > Stock Chart Technical Analysis (T/A)

Stock Chart Technical Analysis (T/A) Technical Studies indicators, volume, price advance/decline, Breadth Indicators, moving average, oscillator, CCI, RSI, MACD and many other indicators

Reply
 
Thread Tools Display Modes
  #1  
Old 12-13-2007, 11:38 PM
Rich1 Rich1 is offline
AMEX Stock
 
Join Date: Jul 2007
Posts: 583
Rich1 is on a distinguished road
Default Black and red candlesticks?

This is probably one of those "stupid questions," but as a novice, I'd really like to get a clear answer to this. Please help this newbie understand. :

I use Stockcharts.com and I'm a bit confused by these two types of candlesticks.
What's the difference between a red candlestick and a black one?
__________________
It is my right and my duty to be Rich.
Reply With Quote
Sponsored Links
  #2  
Old 12-14-2007, 04:59 AM
fireopal
Guest
 
Posts: n/a
Default Re: Black and red candlesticks?

my understanding is both red & black are bearish... red indicates a close lower or the same as previous day's close... black signals close higher than previous day's close but lower than current day's open.... stockcharts is good but in addition to that and investopedia, i really like the candle stick trading forum so here is link for you in case you are interested in checking it out >> http://www.candlestickforum.com/
Reply With Quote
  #3  
Old 12-18-2007, 05:49 PM
Rich1 Rich1 is offline
AMEX Stock
 
Join Date: Jul 2007
Posts: 583
Rich1 is on a distinguished road
Default Re: Black and red candlesticks?

Thanks, fireoopal!
Yes, I knew that both red and black candlesticks were bearish, and that both meant that the stock closed lower than the open. But I couldn't figure out what was the difference.
Thanks to you, I think I've got it now.

So, it has to do with the closing price in relation to the previous day closing price.
If it closes lower than the previous day, then we get a red candlestick.
If it closes higher or the same as the previous day, we get a black one.

So I guess black candlesticks are better than red ones. Or at least, not as bad. :D

Thanks again!
__________________
It is my right and my duty to be Rich.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On


Similar Threads
Thread Thread Starter Forum Replies Last Post
BDGR.. Black Dragon Resources greencat Penny Stock Forum 76 11-27-2010 10:35 PM
candlesticks CatFish Stock Chart Technical Analysis (T/A) 30 11-29-2009 10:00 AM
US Markets in Red katie Stock Market Talk 1 10-28-2009 06:41 AM
Black Friday? 10-24-08 Aufan 1983 Stock Market Talk 4 10-24-2008 11:26 AM
Candlesticks - Quick Summary BadThad Stock Chart Technical Analysis (T/A) 0 12-13-2007 10:20 AM


All times are GMT -4. The time now is 12:55 PM.


Powered by vBulletin® Version 3.8.3
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
StockMarketCats.com