Glossary - L
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An industry or company that is under-performing the market.
An industry or company that is outperforming the market.
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.
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 . It is also used for visual trend analysis of open-end mutual funds.
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 .
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.
See .
The Livestock Commodities Index ($GVX) charted by StockCharts.com is published by Goldman Sachs. Cattle and hogs are the livestock included.
On a logarithmic scale chart, the vertical spacing between two points corresponds to the percentage change between those numbers. Thus, on a log scale chart, the vertical distance between 10 and 20 (a 100% increase) is the same as the vertical distance between 50 and 100. Because these charts show percentage relationships, logarithmic scaling is also called “percentage” scaling. It is also called “semi-log” scaling because only one of the axes (the vertical one) is scaled logarithmically. See our ChartSchool article on .
This candlestick has long upper and lower shadows with the in the middle of the day's trading range, clearly reflecting the indecision of traders.
A situation on a that occurs when a down column that falls three boxes or more reverses to an up column. The reversal retraces more than 50% of a down move that has an odd number of O's or retraces more than 62.5% of a down move that has an even number of O's. Because it is not an actual P&F buy signal but offers a good probability of leading to one, this formation is considered a “buy alert."
