Investor Glossary-point-and-figure chartInvestor Glossary-point-and-figure chartInvestor Glossary-point-and-figure chartInvestor Glossary-point-and-figure chartInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Point-and-figure Chart

The HTML to link to this page
 

A point-and-figure chart shows filtered price movements of a stock over time and is used by technical analysts to determine price support and resistance levels for a given stock. Price movements on a point-and-figure chart are represented as either a rising column of Xs or a falling column of Os. Each column on a point-and-figure chart indicates an uptrend or a downtrend. New columns are added to the point-and-figure chart when the stock price changes direction by a pre-determined reversal amount. Technical analysts who use the point-and-figure chart method cite its ability to filter out insignificant price movements and remove the effects of time as reasons for preferring point-and-figure chart information to more traditional bar charts. In addition, a point-and-figure chart makes trend lines easy to recognize.



Rate this point-and-figure chart definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: cancelled check, stock split, ex-dividend, class C shares, balance sheet, dividends payable, deferred tax, 401a, average price per share, stock market close, VIX, current ratio, open position, EBITDA, debt service coverage, irrevocable trust, risk management, required rate of return, retained earnings, inflation, covered put, FICO score, diluted share, APR, quality assurance, 144a, in escrow, wholly-owned subsidiary, ex-dividend date, reverse mortgage, labor relations, 1035 exchange, deferred revenue, Key Rate Duration, Zero Cost Collar, 1031 exchange, option premium, phantom income, LIBOR, command economy, limit order, FTSE, minority interest, margin rate, annual return, implied volatility, real GDP, liquidity ratio, per diem


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use