Candlesticks
Wick (shadow)
Definition
A wick, or shadow, is the thin line above or below a candle's body that marks the highest and lowest prices of the period. A long upper wick shows price was pushed up, then sold back down before the close.
Example
Suppose a stock opens at $30.00, rallies to $32.00, trades as low as $29.90 and closes at $30.40. The upper wick runs from $30.40 to $32.00, a $1.60 line four times the height of the $0.40 body, showing that sellers erased most of the $2.00 rally before the close. The lower wick is only $0.10 long, from the $30.00 open down to $29.90.
Hypothetical numbers, for illustration only.
Also defined in
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