I am just a 5-day new joiner to the StockCharts.com
I would like to ask a simple question regarding the interpretation between a Weekly RRG and Daily RRG.
I assume 1 week with 5 trading days.
So in a weekly RRG chart, a 4-week RRG should have path for the same stock as a 20 days RRG chart.
The picture shows two stocks TSN & FSLR in Weekly RRG and Daily RRG.
For weekly RRG chart, 4 weeks RRG for TSN starts in Green zone.
But for daily RRG chart, the 20 days RRG for TSN show it starts in Red zone.
So why 2 RRG charts for same stock tells different story ?
Similarly for FSLR
for weekly RRG, it ends in Yellow zone and is far far away from Red zone.
for RRG daily chart, it ends in Yellow zone which is very close to Red zone already.
Could any experienced member tell me how to interpret these weekly and daily RRG ?