Technical Indicators & Market Breadth๐ 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