Aug 7 (edited) in Stocks and Shares
Stock Charts 馃搱馃搲
This is the ultimate guide for beginners on how to read a basic stock chart. Don't worry guys, it's not as scary as it seems and we鈥檙e gonna break it down. So when you search for a stock or an ETF on Google, you'll see a chart like the picture below. The current price that it's trading for is indicated with the 馃挵. So you can buy a full stock for $257.77.
Where it's trading in is indicated with 馃搷. So if you see NYSE, it means New York Stock Exchange and if you see LSE, it means London Stock Exchange. Right beside that, underlined, it says USD and that means it's trading in US dollars. When you buy US stocks from the UK, you will buy them in dollars. But don't worry, most investment apps will take care of the conversion for you.
At the top where it says VTI that is the ticker which is just an abbreviation of the stock or ETF. So Amazon, for example, is AMZN and Tesla is TSLA. You can see the amount in green and that means it's risen by 1.01% or $2.59.
You can also change the length of time that the chart displays to look at how the stock has gone up or down in 1 day(1D), 5 days (5D), 1 month(1M), 6 months (6M) and so on.
Then down at the bottom, as seen in the second picture, you can see the day range and that what it's traded from its lowest point and its highest point today. So the lowest it's been today is $255.58. And the highest it's been today is $261.36.
Actionable Point: Now you're a stock chart reading expert! Use your new skills to look up your favorite stocks and ETFs on google finance, yahoo finance or any other platform to check out its performance and if it鈥檚 a stock you should add to your portfolio.
Don鈥檛 forget to share your questions on all things stocks and shares in the comments!
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Stock Charts 馃搱馃搲
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