๐ Technical Indicators & Market Breadth
1๏ธโฃ Moving Averages:
% Stocks Above 10MA: 51.5% โ (Improving)
% Stocks Above 20MA: 29.1% ๐ป (Weak)
% Stocks Above 50MA: 13.8% โ (Very Weak)
% Stocks Above 200MA: 16.0% โ (Bearish)
2๏ธโฃ Advance-Decline Data:
Advancers: 3.6%
Decliners: 6.7%
Breadth: -3 (Negative)
3๏ธโฃ 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
๐ Summary & Trading Outlook
โ Short-term improvement seen with more stocks reclaiming 10MA
โ But weak breadth & downtrend persist in mid-term
๐จ Risk remains high โ Cautious approach needed
1๏ธโฃ Moving Averages:
% Stocks Above 10MA: 51.5% โ (Improving)
% Stocks Above 20MA: 29.1% ๐ป (Weak)
% Stocks Above 50MA: 13.8% โ (Very Weak)
% Stocks Above 200MA: 16.0% โ (Bearish)
2๏ธโฃ Advance-Decline Data:
Advancers: 3.6%
Decliners: 6.7%
Breadth: -3 (Negative)
3๏ธโฃ 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
๐ Summary & Trading Outlook
โ Short-term improvement seen with more stocks reclaiming 10MA
โ But weak breadth & downtrend persist in mid-term
๐จ Risk remains high โ 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.