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Trendline
- That is a typical trading pattern for stocks that are held by big institutional investors (mutual funds, pension funds, etc.). The purple line that resembles an outline of rolling hills is a “trendline.” In this case, it is the moving average of the stock price over the past 30 days.
moneywise.com/investing/stocks/how-to-read-stock-charts
Jun 14, 2023 · The purple line that resembles an outline of rolling hills is a “trendline.” In this case, it is the moving average of the stock price over the past 30 days. Each day's average is computed from the previous 30 days of closing prices (you can choose other periods).
The basic rule is that a stock's price bounces upward off a trendline support, and downward off a trendline resistance. When a trendline is broken, especially on a high volume, the gained momentum will push the stock significantly above/below the broken trendline.
Jul 8, 2024 · Key Points. Stock charts help track price trends, useful for entry points or observing momentum. Dividends and volume insights can influence stock demand and predict trends. Understanding stock...
Jan 4, 2024 · The top graph is the ADX where the green line is the +DI, the red line is the -DI, and the purple line is the average. The purple line determines trend strength while the red and green lines determine the trend’s direction.
May 9, 2022 · A line chart is the most basic of all stock charts. It provides a graphical representation of a stock's closing price movement over time. Line charts can be viewed over...
Sep 23, 2024 · By understanding price patterns, traders have an edge at predicting where the stock is going next. Do you enjoy reading stock charts and looking at volume trends, support, resistance, and drawing trendlines? Well, then you are very focused on technical analysis (the focus of this guide).
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Oct 20, 2024 · An uptrend, or bullish trend, means that the price is moving higher. A downtrend, or bearish trend, means the price is moving lower. A sideways trend, where the price is moving sideways. The...