Sentences with phrase «bullish crossover»
The phrase "bullish crossover" refers to a situation in the stock market where a short-term moving average (like 50-day) of a stock's price rises above a long-term moving average (like 200-day), indicating potential upward momentum and a possible buying opportunity for investors. Full definition
Like Workday, the pullback happened on low volume, and Lang noticed the MACD indicator approaching the same kind of bullish crossover it made in Salesforce's chart.
cnbc.com
For example, during a long - term uptrend, traders and investors should focus on buying bullish crossovers.
Bullish crossover between the 50 - hour MA (moving average) and 100 - hour MA favors further upside in BCH prices.
Salesforce's stock is still up nearly 30 percent year to date despite the pullback, and Lang noticed that the moving average convergence / divergence, or MACD, indicator, which helps technicians predict when a stock could change direction, made a bullish crossover.
This is confirmed by the recent acceleration of the iPath S&P 500 VIX Short - Term Futures ETN (VXX), which only last week completed a bullish crossover.
A bullish crossover is when the price moves back above a moving average after being below.
During choppy or sideways market conditions a bullish crossover is less meaningful, since there is no trend in either direction present.
Bullish crossovers are less important, however, when a long - term trend is down.
A problem with the bullish crossover strategy is that just because the price crosses above or below the moving averages, it doesn't mean a trend is going to commence in that direction.
When the price climbs back above the 50 - day moving average, this is a bullish crossover, and a buy signal.
# 1: The Market Is Overbought While the market is overbought on a very short - term basis, longer - term momentum is far from overbought, and monthly MACD is close to giving a bullish crossover.
Price action shows accelerated momentum, with the 50 - day moving average forming a bullish crossover with the 200 - day MA.
As annotated on the chart above, $ UNG is holding support of a steep uptrend line (black dotted line), while the 10 - week MA (teal line) is beginning to pull away from the 40 - week MA (orange line) after the bullish crossover a few weeks ago.
The MACD is also looking to make a bullish crossover.
If the MACD crosses up through the signal, then this is a bullish crossover and indicates a buying opportunity.
Your bullish crossover will appear at the point the price breaches above the moving averages after starting below.
(NB: Bullish Crossover is when the shorter - term moving average crosses ABOVE the longer - term one.
Similarly, upward momentum is confirmed with a bullish crossover, which occurs when a short - term moving average crosses above a longer - term moving average.
This is confirmed by the recent acceleration of the iPath S&P 500 VIX Short - Term Futures ETN (VXX), which only last week completed a bullish crossover.
When the Bullish crossover occurs, we will buy back into your equity funds, returning to your target asset allocation.