This post has been de-listed
It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.
MACD is close to a cross-up. The last time that happened was on June 4, and two days later we were in the 60βs premarket and had a high of 47.5 during regular hours.
No dates, just sharing something I found interesting. I personally find MACD crosses as good indicators of future price movement.
Mods, please advise if this isn't thorough enough to be flaired as TA. Thx.
EDIT: Adding description of what MACD is:
MACD means Moving Average Convergence Divergence. Itβs used to understand stock price trends and is created by subtracting a longer-term moving average from a shorter term moving average.
You can see this difference on a chart which is the MACD line (the orange line in the pictures of this post). The 9 day moving average of the MACD is called the signal line, which is the blue line you can see in the pictures of this post.
A MACD cross up happens when the MACD line crosses above the signal line. This could indicate more buying and that the stock could continue rising π. The opposite effect can happen if the signal line (blue line) crosses up, suggesting a bearish downward trend π.
As you can see in the photos, the MACD (orange line) looks like itβs about to cross up, or rise over the signal (blue) line soon.
Subreddit
Post Details
- Posted
- 2 months ago
- Reddit URL
- View post on reddit.com
- External URL
- reddit.com/r/Superstonk/...