CSL Ltd - MACD Daily Histogram above 0 for 30 Consecutive Days
The CSL Ltd (ASX:CSL) MACD Histogram (12, 26, 9) has just recorded 30 consecutive days above 0. Since 2000, this type of indicator persistence above 0 was usually the forerunner to some short-term relative outperformance.
The optimal 12-day average relative return vs All Ordinaries Index (ASX:XAO), following CSL's (12, 26, 9) MACD Daily Histogram above 0 for 30 consecutive days, was 3.52% with a relative win rate of 12 from 12, & standard deviation of 1.94%.
The optimal 12-day average relative return vs All Ordinaries Index (ASX:XAO), following CSL's (12, 26, 9) MACD Daily Histogram above 0 for 30 consecutive days, was 3.52% with a relative win rate of 12 from 12, & standard deviation of 1.94%.