The Metcash Ltd (ASX:MTS) MACD Histogram (12, 26, 9) has just recorded 25 consecutive days below 0. Since 2000, this type of indicator persistence below 0, was usually the forerunner to some short-term upside.
The 20-day average absolute return, following MTS's (12, 26, 9) MACD Daily Histogram below 0 for 25 consecutive days, was 5.56% with a win rate of 14 from 16, median 4.18%, & standard deviation of 5.07%.
The 20-day average relative return versus the All Ordinaries Index, following MTS's (12, 26, 9) MACD Daily Histogram below 0 for 25 consecutive days, was 3.26% with a win rate of 13 from 16, median 2.50%, & standard deviation of 3.83%.
The 20-day average absolute return, following MTS's (12, 26, 9) MACD Daily Histogram below 0 for 25 consecutive days, was 5.56% with a win rate of 14 from 16, median 4.18%, & standard deviation of 5.07%.
The 20-day average relative return versus the All Ordinaries Index, following MTS's (12, 26, 9) MACD Daily Histogram below 0 for 25 consecutive days, was 3.26% with a win rate of 13 from 16, median 2.50%, & standard deviation of 3.83%.
Note
The 20-day optimal interval for the Metcash Ltd (ASX:MTS) MACD model came to an end yesterday, with an out-of-sample return of 5.88% (in-sample average 5.56%). The model win rate now stands at 15 from 17 events.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.