Which chart type displays the closing price to the right and opening price to the left?

Prepare for the Chartered Market Technician Level 1 Exam. Study with comprehensive resources including flashcards, detailed explanations, and multiple choice questions. Enhance your technical analysis skills and ace your exam confidently!

The bar chart is designed to show four key price points for a given time period: the opening price, the high price, the low price, and the closing price. In this type of chart, the vertical line represents the high and low prices, while a small horizontal line on the left indicates the opening price, and a small horizontal line on the right indicates the closing price. This arrangement allows viewers to easily visualize the price movement within that period, thus facilitating analysis of market trends and price action.

Other chart types, such as line charts, only depict the closing price over time without incorporating any information about opening prices or the range of prices within the period. Candlestick charts also show opening and closing prices but are typically more visually engaging and do not represent them with horizontal lines as in bar charts. The point and figure chart focuses on price movements and trends without reference to time, and it does not present opening and closing prices in the same way that bar charts do. Overall, the bar chart uniquely displays the specified opening and closing prices in a clear manner.

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