Market Breadth: Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
The full post is available to view by members only. For immediate access:
54.76% (+4.91% 1wk)
Status: Tentative Positive Environment
The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) increased by +4.91% this week.
Therefore, the overall combined average is at 54.76% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.
The combined average continued its rebound this week, moving back through the key MAs strongly mid week, and pulled back slightly into the end the week, but closed at +0.76% above the short-term 20 day MA and +1.36% above its 50 day MA (signal line).
So the status improved to a Tentative Positive Environment status to start the new week, but it is still in close proximity of the moving averages – hence the tentative rating.
The Point and Figure (P&F) chart (shown above) changed columns had a strong improvement of six Xs. So the P&F strategy changed to Offense (as it is in a column of Xs), and P&F Low Pole Reversal status in the middle of the field.
See the Bullish Percent article for more information on the P&F statuses.
Become a Stage Analysis Member:
To see more like this and other premium content, such as the regular US Stocks watchlist, detailed videos and intraday posts, become a Stage Analysis member.
Join Today
Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.