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Dave Covaci

What does a black candle mean in stock charts?


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Hi Dave, 

The difference in color regarding normal filled candlesticks is based on the change between the closes, while the color for solid candlesticks is based on change between an open and a close. 

A black candlestick tells us that the new close was higher than the previous one. In other words, a candlestick becomes black when the last close is up compared to the previous one. If the last close is lower than the previous, the candlestick would become red. 

When it comes to solid candlesticks, the colors are based only on the open-close relationships.

I hope that helped.

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