Скачать или смотреть How To Read Stock Charts: Daily Charts Vs. Weekly Charts

If you're new to reading stock charts, you might be wondering if it's better to look at daily charts or weekly charts. The answer here is: both. Here's why.


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If you’re new to reading stock charts, you might be wondering if it’s better to look at daily or weekly charts. The answer here is: both.
Daily charts give you a detailed look at a stock’s action at key moments, whether that’s reaction to an earnings report, analyst commentary or news reports about the company. And that granular detail is important for identifying buy points.
But weekly charts cut out the noise of daily fluctuations and give you a better view of the big picture, keeping you focused on underlying trends.
Let’s take a look at Ollie’s Bargain Outlet, starting with a daily chart. Look at November 21st, 2017. See how the stock was climbing sharply, in rising, above average volume? That’s what you want to see in a lead-up to a breakout, which is the ideal time to buy. We’ll cover breakouts in greater detail in subsequent videos. A daily chart shows Ollie’s clearing a new buy point in heavy volume.

Fast forward to June 8, 2018, and the daily chart reveals a great deal of fluctuation from session to session. That volatility could’ve spooked you into selling too soon. But if you’d looked at a weekly chart for the same time frame, you’d see that the longer-term view smooths out the daily volatility that followed, making clear the stock’s underlying uptrend.

On a weekly chart, you can see that over the months, Ollie’s has continued to find support at its 10-week moving average – something you wouldn’t necessarily have spotted on a daily chart.

Using a weekly chart can help you to sit tight and hold onto shares that you might have otherwise gotten rid of, giving the stock time to climb higher.
Ollie’s is just one example of how you can use daily charts to pinpoint the right time to buy, and weekly charts to figure out whether you should keep holding onto a stock despite daily volatility.

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