What is a candlestick used for?

A candlestick is a device used to hold a candle in place. Candlesticks have a cup or a spike ("pricket") or both to keep the candle in place. Candlesticks are less frequently called "candleholders". Before the proliferation of electricity, candles were carried between rooms using a chamberstick, a short candlestick with a pan to catch dripping wax.

What is a candlestick receptacle?

candlestick, a receptacle for holding a candle. Candlesticks may range in size and complexity from the medieval block of wood holding an iron spike on which the candle is impaled to the huge bronze altar candlesticks of the Italian Renaissance.

What is a candlestick chart?

Candlestick charts display the high, low, open, and closing prices of a security for a specific period. Candlesticks originated from Japanese rice merchants and traders to track market prices and daily momentum hundreds of years before becoming popularized in the United States. Candlesticks can be used by traders looking for chart patterns.

What does the'real body' on a candlestick mean?

The wide part of the candlestick is called the "real body" and tells investors whether the closing price was higher or lower than the opening price (black/red if the stock closed lower, white/green if the stock closed higher). Candlestick charts display the high, low, open, and closing prices of a security for a specific period.