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Moving Averages

BBRI Is Going To Bottom in Mid-DecemberAfter a constant barrage of selling from March until June, and then quite of a rebound from 4100 to 5600 (almost 40%), BBRI continues to dive almost everyday since mid-September. This is supported by the huge foreign outflow BBRI has been suffering. Last Friday, BBRI's foreign outflow amounts to IDR823 billion. To put into perspective, IHSG Friday foreign outflow is IDR1.6 trillion, which means BBRI accounts for more than half of the outflow from IHSG. Technical wise, BBRI has now constantly being traded under its 200 day moving average for almost 3 months. BBRI will most likely complete the (iii) wave of the C wave next week around 4100. Volume on last Friday's trading is relatively large. This means selling has not eased yet. I believe BBRI will bottom under 4000 ; 3700-3800
IDX:BBRIShort
by MrSparkles69
1
Moving Averages in Action In a past post, we looked at how you can possibly use Bollinger bands within your trading. So, if you haven’t already read it and would like to, please look at our past posts for details. Today, we want to cover moving averages, which is another trending indicator. Trending indicators are important because they allow us to confirm activity currently being seen in price action. This can provide extra confidence in the trending condition of an asset. So, let’s look at simple moving averages. These are used to confirm the current trend of a market. They smooth out price action and can be calculated over various time periods. For example, a simple 5 day moving average is calculated by adding up the previous 5 closing levels for an instrument, and the total is divided by 5. This is recalculated the next day using the latest 5 closing levels and the new total is again divided by 5. The resulting line is plotted on a price chart. As prices move higher, the moving average will move higher following below price activity. As prices decline, the moving average will fall above price. This effectively shows us the 5 day price trend of any instrument. Using this type of calculation means the longer the timeframe, the slower a moving average reacts to price activity, be it up or down. For instance, a 5 day moving average will follow price action more quickly and closely than a 50 day moving average. You can have as many moving averages on a chart as you wish, but be aware, the more you have, the more confusing reading the chart can become. As such, we are going to be looking at examples below, using just 2 simple moving averages, because the relationship between the 2 averages throws up some potentially interesting signals. Combining 2 Moving Averages on a Pepperstone Price Chart: As already said above, if a 5 day simple moving average is rising, it reflects the 5 day trend is up. If we expand on that, we could say, if we are using 2 moving averages, like for example, the 5 and 10 day averages, if both are rising or falling at the same time, it potentially offers a stronger indication of the trending condition of an instrument. Using this combination of 5 and 10 day averages, let’s look at a daily chart of the Germany 40 index on the Pepperstone system. In this chart of the Germany 40 index, with what we already know about moving averages we can say, if both the 5 and 10 day averages are rising, the Germany 40 index is trading within an uptrend. If they are both falling, the price of the Germany 40 index is in a downtrend. As such, simple moving averages can offer a way to assess the trending condition of an asset. However, it doesn’t stop there. Look at the times marked by the chart above, where the rising 5 day average, crosses above the rising 10 day average. These signals are marked by green arrows and can materialise during the early stages of a new upside move. When a cross is seen where both the 5 and 10 day averages are rising, it is called a Golden Cross, which may see further price strength. Now look at this chart. Look at the crosses in the averages where the falling 5 day average crossed below the falling 10 day average, marked by red arrows. These may be seen before the early stages of a new downside move. When a cross is seen where both averages are falling, it’s known as a Dead Cross, which could see price weakness. To Stress, the Averages Must be Moving in the Same Direction When They Cross. If they cross but are moving in opposite directions, this can be a neutral signal and tends to suggest sideways/consolidation activity in price. When this is seen, its important to wait for confirmation of the trend. This would be indicated by price breaking higher for an uptrend or lower for a downtrend, followed by both averages then starting to move in the same direction again. At this point, we should say because of their calculation, moving averages do give lagging signals. In other words, ‘Price has to move to move a moving average’ So, you will see in both the Golden and Dead cross examples on the charts above, they come after either price strength or weakness has already developed. However, while lagging in nature, moving averages give confirmation of a trend. This can highlight the potential of a move in price, in the direction of the moving average cross. Being aware of the Golden and Dead crosses can be useful in highlighting possible trending conditions and when you may want to trade with the trend. This can provide you with more confidence that you could be active within a trending market, although this would depend on future price action. Another Use of a Moving Average is to Highlight a Support and Resistance Level Within a Trend. Let’s take a look at the daily chart of the Germany 40 index, but this time just using the 5 day moving average. Notice, that when a correction is seen and prices sell-off but are still within the uptrend, it’s the rising 5 day average that can mark a support level, marked by the green arrows. This may in turn see upside moves resume to continue the uptrend, with prices possibly breaking the previous high or resistance level to extend the uptrend. Within a downtrend, the opposite is true. A rally within a downtrend may find resistance at the declining 5 day moving average, from which price weakness is resumed to potentially extend the on-going downtrend, marked by the red arrows on the chart above. So, this approach can be used in several ways to assist us when trading. For instance, if we are positive of an instrument, within what may be suggested is an uptrend, but don’t yet have a position, we could view corrections back to the rising 5 day average as a move back to support. Or, if we’re negative, but don’t yet have a position within a downtrend, a rally back to a declining 5 day moving average, may offer an opportunity at a higher level, as it could act as a resistance level, although this is not guaranteed. Stop losses on long positions could also be placed just under a 5 day moving average, while stop losses on short positions could be placed just above a 5 day moving average. As moving average breaks may see a more extended move in the direction of that break. This may provide protection against possible adverse price movement. A big advantage of this method of stop placement, is the stop loss moves or trails behind a rising average in an uptrend, or a declining average within a downtrend. This means when long in an uptrend, the stop follows prices higher. Or if short in a downtrend, the stop loss follows prices lower. Observing Moving Averages in Real Time: The Germany 40 index is likely to be in focus today with the ECB Interest rate decision released at 1315 GMT and then the ECB Press conference starting at 1345. Market expectations are for the ECB to cut rates by 25bps (0.25%), so anything else is likely to be a big surprise. However, could they cut by 50bps (0.5%) to try and give a major boost to the Eurozone economy? After the announcement of the rate decision, Madame Lagarde’s comments in the press conference will also be important for the direction of the Germany 40. Will she confirm more interest rate cuts are a real possibility during the first quarter of 2025, or will she be more guarded, emphasising concerns about a potential resurgence of inflation? Whatever the outcome of these events, the Germany 40 may be more volatile than usual, so you can observe how these moving averages perform in real time. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:GER40Education
by Pepperstone
3
Technical Analysis (TA) for $TURBOFuture Prediction: MYX:TURBO 's ability to maintain its current upward trajectory will depend on sustained volume and broader market sentiment. With increased accessibility on Coinbase, the coin could attract institutional interest, potentially driving the price toward $0.20 - $0.60 or higher in the medium term. However, traders should be mindful of macroeconomic factors affecting the crypto market as a whole, such as regulatory news or Bitcoin's price movements. Strategy: Short-term traders: Monitor price action around $0.13 for a potential breakout. Long-term investors: Consider dollar-cost averaging at support levels ($0.12 and below). Keep an eye on updates related to MYX:TURBO ’s ecosystem and adoption. Conclusion: Breaking the $0.13 barrier is a pivotal moment for MYX:TURBO , signaling strong interest and potential for continued growth. While the outlook is positive, traders and investors should remain vigilant for market corrections. By combining technical analysis with careful risk management, participants can capitalize on the opportunities MYX:TURBO presents in this new phase of its journey.
Long
by CryptoWolfyNL
2
Crocs | CROX | Long at $98.00If the overall/long-term upward momentum continues, Crocs NASDAQ:CROX may be nearing bounce territory at $98 as it reaches the bottom of my selected historical simple moving average (SMA). While there may be a near-term downtrend to close out a few price gaps ($80s-$90s) below the current price, the stock looks incredibly poised for an upward move as the Santa Claus rally nears. Fundamentally, a P/E of 7x, low debt, and a low float (56M) with 7% short interest all works in the favor for this stock/company. Thus, at $98, NASDAQ:CROX is in a personal buy zone. Target #1 = $110 Target #2 = $125 Target #3 = $135 Target #4 = $155 (long-term)
NASDAQ:CROXLong
by WorthlessViews
AIOZUSD - Retrace completed. $1.5-$2 next?I look to the weekly timeframe to identify trends and continuation setups. AIOZ's price action has a degree of relative strength in the ALT market. We see the relative strength when we see the price bounce strongly off the 20DMA, compared to DOGE and BCH which sit just below the 20DMA. Strong support exists around $1, from the 20DMA to the horizontal support from the March 2024 peak. These signals suggest the $1 support will hold in this bull cycle and was a great buying opportunity for a new leg higher. Observations from the Analysis Relative Strength: AIOZ's strong rebound off the 20-day moving average (20DMA) is a significant indicator of relative strength, particularly when compared to assets like DOGE and BCH that are underperforming relative to the 20DMA. This suggests stronger demand and bullish sentiment for AIOZ. Support Around $1: The $1 level is reinforced by multiple support factors: 20DMA proximity: Indicates dynamic support. Horizontal support: Derived from a previous high in March 2024, highlighting historical significance. These overlapping supports increase the probability of this level holding during retracements in a bull cycle. Continuation Setup: If $1 holds and we see continued higher lows and strong volume, it could signal a continuation of the uptrend, offering a potential entry for the next leg higher. Considerations Volume Confirmation: For the breakout to be validated, watch for a significant increase in volume as the price moves higher from support. Market Conditions: Given the overall altcoin market sentiment, external factors like BTC's dominance and macroeconomic trends should be monitored. Next Steps Monitor AIOZ’s behavior around $1 with weekly closes for confirmation of support. Compare its performance with the broader altcoin index to ensure its relative strength persists. Track for any divergences in RSI or other momentum indicators that could signal weakening. If you'd like, I can provide real-time data or technical charts to supplement your analysis further.
COINBASE:AIOZUSDLong
by joelsko
2
UMA 4 year long triangle violent breakout incomingIf you ever wonder what drives violent upward movement of altcoins when they make 30-50% daily gains for many days over the course of many weeks, this chart for UMA is a perfect example. The coin that has only dumped for over 4 years after the initial massive rally in 2021 is poised to repeat a similar path in 2025. Large volumes of desperate sell volume were registered earlier this year and marked the bottom and switch to macro uptrend for UMA. FA analysts gave up on the coin that powers Polymarket (the undisputed leader of onchain betting) assuming it will never pump. They simply ignored the fact that TA is the king and when you are in a downward movement, not bullish news will change the price action. However, when markets turn bullish and altseason comes, the projects with the strongest FA shine. Watch that triangle violently break out, Ripple style soon
CRYPTO:UMAUSDLong
by Goldsworth
MOBILEUSD 12/10/2024MOBILEUSD Daily Chart Analysis Timeline of Events: • February 2024: MOBILEUSD launched on Coinbase. • March–October 2024: The coin entered a prolonged downtrend. • November 2024: o Found support and consolidated sideways. o Increased volume at the end of the month pushed the price to resistance, supported by the 20-day EMA. • December 2024: o A surge in volume led to a +149% breakout, confirming the sideways movement as an accumulation phase and signaling a potential uptrend. Current Market Dynamics: • The price has retraced and is testing support at the 20-day EMA. • The MACD indicator remains in bullish territory, suggesting continued upward potential. Trade Details: • Entry Price: 0.001430 • Stop-Loss: 0.001093 (-23.57%) • Target Price: 0.006597 (+361.33%) • Risk-Reward Ratio: 15.33:1 Analysis Summary: MOBILEUSD is at a critical juncture, with the 20-day EMA acting as support. The MACD’s bullish position and the recent breakout suggest the potential for another strong rally if the price bounces off the EMA.
COINBASE:MOBILEUSDLong
by rudcharts
4
Is a massive correction for alt tokens about to print?This is a short term forecast affecting anything inside the TOTAL2 market cap. That is the entire crypto market excluding Bitcoin. The crash is forecast to occur over the next 14-20 days. In four days from now a “life cross” will print on the above daily chart, it is inevitable. What is a life cross? It is when the 50 day simple moving average (blue line) crosses up the 200 day simple moving average (red line) AND Price action is above the 200 day simple moving average. The majority of market participants see this as a positive sign. A green light to enter long positions. However for you lucky what is it now wow 14,000 followers (thank you!), you’ll now know it is not what it seems. Like me you're scientific about all this and look left. But before we look left, I want you memorise how far TOTAL2 market capital is above the 200 day SMA, about 30% November 12th, 2023 life cross -10% correction Price action was 20% above the 200 day SMA February 18th, 2023 life cross -15% correction Price action was 15% above the 200 day SMA February 2020 and May 2020, -70% and -17% corrections Price action was 57% and 20% above the 200 day sma April 13th, 2019. Life cross -23% correction Price action was 34% above the 200 day sma In summary, the further price action was above the 200 day SMA the harder it dropped. We can infer that a 15-20% correction should be expected across TOTAL2. Use this low as an opportunity to collect your favourite token from emotional sellers. Ww
CRYPTOCAP:TOTAL2
by without_worries
65
Long $TSLAI am getting 100% of my exposure currently through NASDAQ:TSLL , I am very bullish on this setup for Tesla. Bull catalysts: Trump Victory - if this happens, I assume TSLA will pump just because of their close relationship Federal EV Charging Re-compete - in the vein above, I don't see why Trump wouldn't open the failed federal funds of ~ SEED_TVCODER77_ETHBTCDATA:9B to companies to recompute the contract- obviously Tesla could actually deliver the network of chargers more efficiently than GM et al. QE - I overlaid the FFR on the bottom of this chart, since I think it is valuable information regarding the last time TSLA's face-melting rally began, it coincided with QE beginning. Their humanoid robots also could be something, but I am not as versed with them. Any other catalysts I'm missing?
NASDAQ:TSLALong
by httpz
Eli Lilly: Is the Uptrend Fading?Eli Lilly has been one of the best-performing large-cap stocks in recent years. But now it may be showing signs of stalling. The first pattern on today’s chart is the bearish price gap on October 30 after earnings and revenue missed estimates. LLY has remained below the gap since, which may suggest that new resistance has been established. Second, the recent bounce pulled stochastics into overbought territory. Third, the drugmaker has remained below its 200-day simple moving average (SMA). The 50-day SMA is also nearing a potential “death cross” below its 200-day SMA. Finally, consider that LLY is up 578 percent in the five-year period ended last month. That’s the fourth-biggest gain in the S&P 500 over the period, according to TradeStation Data. (Nvidia, Tesla and Builders FirstSource have risen more.) Given the magnitude of its run, many investors could be sitting on significant long-term gains. Could that open the door to profit taking? TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:LLY
by TradeStation
2
Continued Pressure on NZD/USD Following a Brief Seller RespiteTechnical Outlook The NZD/USD pair has resumed its downtrend following a brief consolidation phase. Sellers have aggressively pushed the pair toward the most recent low at 0.58217. A confirmed break below this level could open the door for further declines, with immediate support targets at 0.58177, 0.58126, and the psychological threshold of 0.58070. The Bollinger Bands exhibit a pronounced downward slope, signaling heightened bearish volatility. Additionally, the moving averages are aligned in a bearish crossover, reinforcing the dominance of sellers in the current market structure. Alternative Scenario To counter this bearish outlook, buyers would need to reclaim the immediate resistance at 0.58364. Key Events to Watch Market participants are closely monitoring US economic data, including non-farm productivity and unit labor costs, as well as a long-term Treasury bond auction. These reports are expected to influence USD strength, potentially impacting NZD/USD volatility further.
Short
by Errante
$SPY December 10, 2024AMEX:SPY December 10, 2024 15 Minutes. 605 as expected was done. Downtrend confirmed as long AMEX:SPY is below 607 levels. 607 is 200 averages in 5 minutes and 61.8% retracement for the fall 609.07 to 604.08 This 606-607 is a level to short. For the rise 597.28 to 609.07 61.8% retracement is 601-602 levels. Soif 604 is broken today 599-600 is my target for today. In daytime frame AMEX:SPY took support at 9 averages. 21 average is 598 levels. For me usually downtrend in 15 minutes until 200 averages price is above current price in 5 minutes. We have an oscillator divergence at close. price made LL but oscillator did not support. So, i expect a pull back at open.
AMEX:SPYShort
by RiderTrader
16
GoPro | GPRO | Long at $1.35NASDAQ:GPRO is a strong brand name, but with a dying userbase / lack of growth. The company has no major turnaround planned, but the chart is interesting. The stock seems to be currently consolidating as the historical simple moving average (white line) is working its way down toward the price - which often leads to a jump. Another candidate for the Santa Claus rally? Or, will the "value" lead to an acquisition? Nothing is guaranteed, but something may be brewing. While not a long-term "buy and hold" candidate for me (personally, unless the business changes or growth seems relevant), it looks very intriguing from a technical analysis perspective. Thus, at $1.35, NASDAQ:GPRO is in a personal buy zone. Target #1: $1.70 Target #2: $2.00 Target #3: $2.50 Target #4: $2.88 (if some good news emerges...)
NASDAQ:GPROLong
by WorthlessViews