Thursday, 30 June 2011

Stock Graphs

Stock graphs are useful for displaying information about stocks. Each data item is displayed as a stock bar, which can represent the following information: daily high price, daily low price, opening price, and closing price. The specific look of the stock bar depends on which Stock graph subtype you are using. While there can be an infinite number of categories (usually dates) in a stock graph, there is only one data series (usually representing a single stock), meaning that there is only one data item (stock bar) per category. However, a Stock graph could use different categories to represent the prices for separate stocks, allowing you to compare stock prices on a given day.

The High-Low Stock graph is essentially a High-Low/Open-Close graph that ignores open and close values (i.e., it does not have any ticks for open and close values).The Candle Stick subtype of the Stock graph works like a regular Stock graph, but the data is displayed differently. Candlesticks use a wide bar, instead of tick marks, to show the difference between the opening and closing price. If the closing price is higher than the opening price (meaning the stock gained for the day), the bar is not filled. If the closing price is lower than the opening price (meaning the stock lost for the day), the bar is filled. There are also several strategies or Stock Tips suited to beginners, such as diversification, tracking a market, and value investments.

When the data appearing in a chart contains multiple variables, the chart may include a legend. A legend contains a list of the variables appearing in the chart and an example of their appearance. This information allows the data from each variable to be identified in the chart.

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