Define: Chartist

UK Accounting Glossary

Definition: Chartist



What is the dictionary definition of Chartist?

Dictionary Definition


finance A financial analyst who attempts to predict future movements in the prices of shares or other financial instruments by looking for patterns in charts of historical data.

Also:

a 19th century English reformer who advocated better social and economic conditions for working people.


Advertisement



Full Definition of Chartist


A chartist is an investor who attempts to predict market movements through the use of chart patterns. A chartist believes that by studying past market actions, as graphically displayed on a stock market chart, that the future course of the market can be revealed. In this respect, a chartist relies on technical rather than fundamental market analysis. There are several chart patterns which a chartist looks for when making predictions of future market moves. A primary pattern that a chartist looks for is the classic head and shoulders pattern, with market highs making a small rally (creating a shoulder), followed by a higher rally (creating a head) and then back down and sideways (forming the other shoulder). To a chartist, this is a bearish pattern. A chartist uses this and other chart patterns to plan investments.


Advertisement




Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/chartist/
Modern Language Association (MLA):
Chartist. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 24, 2020 https://payrollheaven.com/define/chartist/.
Chicago Manual of Style (CMS):
Chartist. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/chartist/ (accessed: February 24, 2020).
American Psychological Association (APA):
Chartist. PayrollHeaven.com. Retrieved February 24, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/chartist/

Definition Sources


Definitions for Chartist are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 4th February 2020.