Hammer

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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.
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References in periodicals archive ?
Stanley FatMax Percussion Hammer Drill (750W), Argos, Was PS79.99, Now PS53.29 SAVE: PS26.70
The lock, which has had its flashpan removed and flintlock cock replaced with a percussion hammer, must have been renumbered (not commonly seen but not worth any kind of a premium), as 1816 production ceased in 1840.
For ground conditions where vibration is insufficient, the module will include a vehicle with a hydraulic percussion hammer. Other vehicles, carrying an excavator and cement mixing plant, are for concrete mast foundations.