Charting And Technical Analysis -

Technical analysis is the practice of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. Unlike fundamental analysis, which looks at a company's intrinsic value, technical analysis focuses on patterns on price charts to predict future movements. Foundational Charting Tools

: Support acts as a "floor" where price historically bounces up, while resistance acts as a "ceiling" it struggles to break through. Charting and Technical Analysis

: Located at the bottom of charts, these show the number of shares traded, helping to confirm the strength of a price move. Technical analysis is the practice of evaluating securities

: These provide a visual snapshot of price direction; green (bullish) indicates a close higher than the open, while red (bearish) shows a lower close. Charting and Technical Analysis