Moving Average Convergence Divergence (MACD) is a technical indicator that helps investors identify price trends and potential trade reversals. It's calculated by subtracting a security's 26-day exponential moving average (EMA) from its 12-day EMA
Components of MACD: - MACD Line - the fastest moving average (short-term EMA) : Blue line - Signal Line - the slowest moving average (long-term EMA) : Orange line - MACD Histogram - swings above and below a zero line, allowing bullish and bearish momentum readings to be distinguished. - Dashed line is Zero line
From the above chart we can see:
1) On 28-03-2024 blue line crossed orange line below the zero line indicating trend reversal from bearish to bullish 2) On 22-04-2024 blue line was just above orange line and both are above zero line indicating bullish momentum 3) On 20-06-2024 blue line crossing orange line from above indicating end of bullish momentum
Price on 22-04-2024 : 231 Price on 20-06-2024 : 333 It gave 44% returns in less than 2 month
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.