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Hammer Candlestick Pattern

Thu, Sep 12th, 2024
Hammer candles can be recognized by two features, a real body at the upper end of the entire trading range, with little or no upper shadow and a lower shadow that is at least twice the length of the real body. The color of the real body is not important. Umbrellas can be either bullish or bearish depending on where they appear in a trend. If they occur during a downtrend, they are called hammers and are bullish, as in "the market is 'hammering out' a base." If an umbrella appears in an uptrend it's bearish, and is referred to as a hanging man. The latter's ominous name is derived from its look of a hanging man with dangling legs. [View Example]

Barchart News

Stocks Rise Before the Open as Investors Await Key U.S. PPI Data, ECB Decision in Focus

September S&P 500 E-Mini futures (ESU24) are up +0.24%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.27% this morning as investors braced for crucial U.S. producer inflation data while also...

ESU24 : 5,568.75 (+0.13%)
NQU24 : 19,297.00 (+0.13%)
FSLR : 239.84 (+15.19%)
ENPH : 110.59 (+5.72%)
ARM : 140.32 (+10.30%)
NVDA : 116.91 (+8.15%)
ALB : 89.30 (+13.58%)
GME : 20.64 (-11.98%)
ADBE : 580.38 (+1.03%)
ROG.Z.IX : 259.200 (-3.64%)
OXM : 83.66 (+0.35%)
CSBR : 4.07 (+3.04%)
Forget Dell and Palantir, Scoop Up This S&P 500 Dividend Stock Instead

Erie Indemnity is set to become a member of the S&P 500.

$SPX : 5,554.13 (+1.07%)
$NASX : 17,395.53 (+2.17%)
PLTR : 34.85 (+0.26%)
DELL : 108.80 (+2.03%)
ERIE : 501.58 (-1.02%)
2 Cathie Wood Stocks for Crypto Traders to Consider Now

For crypto-focused investors, here are two Cathie Wood stocks that are catching analysts’ attention.

COIN : 157.15 (-0.83%)
HOOD : 20.64 (+4.77%)
ARKK : 44.23 (+2.17%)
ARKF : 27.74 (+2.25%)
ARKW : 78.36 (+1.74%)
$SPX : 5,554.13 (+1.07%)
^BTCUSD : 57,960.97 (+0.51%)
^ETHUSD : 2,356.828 (+0.06%)
NDAQ : 72.08 (+0.46%)
3 Value Stocks for Dividend Investors to Buy on the Dip

As these three value-priced, dividend-paying stocks have pulled back from their peaks, investors can buy the dip for a steady income and potential gains.

$NASX : 17,395.53 (+2.17%)
$SPX : 5,554.13 (+1.07%)
$DOWI : 40,861.71 (+0.31%)
TNL : 41.73 (+0.99%)
DAL : 44.28 (+2.03%)
GAP : 19.88 (+2.37%)
3 ETFs to Invest in Robotics Stocks

The robotics market is booming, expected to reach $95.93 billion by 2029 at a projected growth rate of 15.91%. These three ETFs - ROBO, ROBT, and BOTZ - offer a way to invest in this market niche, providing...

SERV : 6.93 (+3.13%)
NVDA : 116.91 (+8.15%)
ROBO : 53.15 (+1.45%)
ISRG : 490.93 (+1.38%)
IOT : 46.03 (-2.66%)
NOW : 875.96 (+1.84%)
NOVT : 167.00 (-0.84%)
ZBRA : 337.44 (+0.77%)
$SPX : 5,554.13 (+1.07%)
ROBT : 41.10 (+1.48%)
PLTR : 34.85 (+0.26%)
UPST : 35.14 (+4.40%)
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