Hammer

(redirected from hammered)
Also found in: Dictionary, Thesaurus, Medical, Idioms, Encyclopedia, Wikipedia.
Related to hammered: hammered out

Hammer

In candlestick charts, the representation of a trading day where a security trades significantly below its opening price for most of the day, but closes either above or close to the opening price. It is called a hammer because the candlestick representing the trading day looks somewhat like a hammer. It is not necessarily a bullish indicator, but a hammer may mean that the market is nearing a bottom.
References in periodicals archive ?
3 : to hit something hard and repeatedly <She hammered on the door.>
In operation, the castings are hammered by a pneumatically actuated hammering system, then vibrated by synchronized eccentric masses to loosen and remove the core sand.
"Let's not wait for more bodies to be discovered before harsher penalties are hammered out by lawmakers." (Denver Post)