A stock chart is a graphical representation of a stock's price over a specific period of time (1-minute, 5-minute, 15-minute, etc). The time period that a stock chart covers is known as the timeframe. There are several different timeframes that can be used in a stock chart, including:
Intraday: Intraday charts show the price of a stock over the course of a single trading day. These charts are typically updated every few minutes or seconds and are useful for day traders who want to closely monitor the price of a stock in real-time. 1-minute chart: Shows price and other data for each minute of trading. 5-minute chart: Shows price and other data for each 5-minute period of trading. Traders may choose to use different intraday chart timeframes depending on their trading strategies and goals. Shorter timeframes may be useful for scalping or day trading.
Daily: A daily chart is a type of financial chart that displays the price and other market data for a security or financial instrument over a period of one day. Each candle on the chart represents the trading activity for that day. These charts are useful for investors who want to track the performance of a stock over a longer period of time.
Weekly: Weekly charts show the price of a stock over a period of one week (five trading days). These charts are useful for investors who want to track the performance of a stock over a longer period of time, but not as long as a monthly chart. Weekly charts can also help traders identify major levels of support and resistance, which can be useful for setting stop-loss orders and taking profit targets.
Monthly: Monthly charts show the price of a stock over a period of one month (around 20 trading days). These charts are useful for investors who want to track the performance of a stock over a longer period of time, such as several months or years.
Yearly: Yearly charts show the price of a stock over a period of one year (around 252 trading days). These charts are useful for investors who want to track the performance of a stock over a long period of time, such as several years or decades.
The specific timeframe that is used in a stock chart can be chosen based on the investor's needs and preferences. For example, day traders may prefer to use intraday charts to make short-term trades, while long-term investors may prefer to use weekly, monthly, or yearly charts to make long-term investment decisions.
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