Time Periods
A weekly chart can be a good source of short-term trading information, giving traders a chance to look at recent prices in an effort to find the most profitable places to enter and exit a transaction. Using a weekly (or five-day) chart will often reveal the stock's most pressing trends and indicators used during that period can be used to confirm what is seen on the price chart or throw a red flag of warning.
A weekly chart is a good source for short-term traders, someone looking to catch a little wave of momentum, one that could lead to a trade that lasts from one to five days. There isn't enough information provided on a weekly chart to make an intelligent decision on a long-term trade or a trend trade that may take several weeks to unfold.
Weekly Chart info by BetterTrades Charts
A weekly chart is best viewed in candlesticks, as it helps the patterns jump off the page in a more readable manner. A line chart, which includes only the closing prices, doesn't include nearly enough information about the stock's behavior to be useful in a weekly chart setting. A trader can look at weekly stock chart in a candlestick format and be well on their way to making a decision on whether or not a trade may be ready to present itself.
