September 25, 2023 - ChartAlert®

Percent of Stocks above their own Moving Averages: A Powerful Market Sentiment Indicator for Traders

The Percent of Stocks above their own xxx Moving Average Index is a market breadth or sentiment indicator that is used to assess the overall health of a stock market or a particular sector within it; it helps gauge the strength of the prevailing trend and identify potential turning points in the market; this feature was introduced in October 2023

1–2 minutes

Percent of Stocks above their own Moving Average Index can be based on P&F Charts or even a Line Chart

The Percent of Stocks Above Their Moving Average is a market breadth and sentiment indicator that helps traders assess the overall market sentiment, identify trends, and spot potential reversals.