Market Breadth: Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
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51.50% (+8.47% 1wk)
Status: Neutral Environment
The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) increased by +8.47% this week.
Therefore, the overall combined average is at 51.50% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.
The combined average had a powerful rebound this week, gaining each day and crossing back above its short-term 20 day MA by +5.02%, but it still remains slightly below its 50 day MA (signal line) by -1.13%. Hence the status has changed to a Neutral Environment status to start the new week with potential to turn positive if the strength continues.
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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.