📈 Technical Indicators & Market Breadth
1️⃣ Moving Averages:
% Stocks Above 10MA: 51.5% ✅ (Improving)
% Stocks Above 20MA: 29.1% 🔻 (Weak)
% Stocks Above 50MA: 13.8% ❌ (Very Weak)
% Stocks Above 200MA: 16.0% ❌ (Bearish)
2️⃣ Advance-Decline Data:
Advancers: 3.6%
Decliners: 6.7%
Breadth: -3 (Negative)
3️⃣ Momentum Indicators:
Market Breadth improving slightly
NNH (New 52-Week Highs - New 52-Week Lows): -0.41, still in negative territory
Volume Breadth remains weak
📉 Summary & Trading Outlook
✅ Short-term improvement seen with more stocks reclaiming 10MA
❌ But weak breadth & downtrend persist in mid-term
🚨 Risk remains high – Cautious approach needed
1️⃣ Moving Averages:
% Stocks Above 10MA: 51.5% ✅ (Improving)
% Stocks Above 20MA: 29.1% 🔻 (Weak)
% Stocks Above 50MA: 13.8% ❌ (Very Weak)
% Stocks Above 200MA: 16.0% ❌ (Bearish)
2️⃣ Advance-Decline Data:
Advancers: 3.6%
Decliners: 6.7%
Breadth: -3 (Negative)
3️⃣ Momentum Indicators:
Market Breadth improving slightly
NNH (New 52-Week Highs - New 52-Week Lows): -0.41, still in negative territory
Volume Breadth remains weak
📉 Summary & Trading Outlook
✅ Short-term improvement seen with more stocks reclaiming 10MA
❌ But weak breadth & downtrend persist in mid-term
🚨 Risk remains high – Cautious approach needed
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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.
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.