Common terms used in technical analysis

TECHNICAL ANALYSIS

Lillaney

5/11/20231 min read

turned on flat screen monitor
turned on flat screen monitor

Current market price(CMP) - The price at which the security was last traded.Sometimes also known as last traded price(LTP).


Volume - The qty traded til that time.


Open - First price at which security was traded during a period


High - Maximum price at which security was traded during a period


Low - Minimum price at which security was traded during a period


Close - Last price at which security was traded during a period


Moving averages(MA) - Average of a particular period.For example 5MA is the moving average of 5 periods.

Support and Resistance: Support is a level where the price of an asset tends to stop falling, while resistance is a level where the price tends to stop rising. These levels are often used to identify potential buy and sell signals.

Trendlines: Trendlines are lines that connect two or more price points and are used to identify the direction of a trend. An uptrend is represented by a line that slopes upwards, while a downtrend is represented by a line that slopes downwards.