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How to read a stock chart without fooling yourself

Candles, trends, and volume in plain English — plus the honest limit of what a chart can and can't tell you.

A trading skill, taught as a rule + its measured base rate. Educational — never a recommendation to buy or sell.

A stock chart looks intimidating, but 90% of it is three ideas: price over time, the trend, and volume. Get those and you can read almost any chart. This is education, not a signal to buy any stock.

Candles are just open, high, low, close

Each candle shows one period: where price opened, the highest and lowest it went, and where it closed. Green usually means it closed up, red means down. A long candle means a big move; a tiny one means indecision. That's it — no magic.

The trend matters more than any single candle

Zoom out. Is price generally rising, falling, or drifting sideways? A common shorthand is the 200-day moving average: above it is broadly considered an uptrend, below it a downtrend. The trend is the context every other clue lives inside.

Volume tells you conviction

Volume is how many shares traded. A move on high relative volume means real interest; the same move on quiet volume is easier to fake or fade. Big price + big volume = the market means it.

The honest limit

Here's what most chart guides won't admit: a pattern that looks perfect is often a coin flip once you measure its real base rate. Charts show what happened, not what will. We test the popular ones on 8,000+ stocks — many are far less reliable than they feel.

See a real chart's numbers

Look up any stock's factor scorecard to see its trend and setups with measured base rates, or check which chart patterns actually hold up in the data.

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Educational content on trading concepts and their historical base rates, measured on survivorship-free US-stock history. Past statistics do not predict future results; nothing here is investment advice or a recommendation to buy or sell any security.