📖Glossary - L
Laggard
An industry or company that is under-performing the market.
Leader
An industry or company that is outperforming the market.
Limit Order
An order to buy or sell a security at a specific price. Unlike a market order, limit orders might not be filled immediately if the market moves away from the specified price.
Line Chart
Price charts that connect the closing prices of a given market over a span of time, forming a curving line on the chart. This type of chart is most useful with overlay or comparison charts that are commonly employed in intermarket analysis. It is also used for visual trend analysis of open-end mutual funds.
Linear Regression
The least-squares line-of-best-fit for a price series. Even though the formula is quite complicated, a linear regression is relatively easy to understand. Imagine a scatter plot (dots) for the closing prices of a security. A linear regression is a line that passes through these points with the best possible fit. See also ChartSchool article on the Raff Regression Channel.
Linear (Arithmetic) Scaling
See Arithmetic (Linear) Scaling.
Liquidity
The ease with which a stock may be bought or sold in volume on the marketplace without causing dramatic price fluctuations. A highly liquid stock is characterized by a large volume of trading and a large pool of interested buyers and sellers.
Livestock Commodities Index ($GVX)
The Livestock Commodities Index ($GVX) charted by StockCharts.com is published by Goldman Sachs. Cattle and hogs are the livestock included. Chart $GVX in GalleryView.
Logarithmic (Percentage) Scaling
Long-Legged Doji
Low Pole (LP)
Last updated
Was this helpful?