How to pick stocks using technical analysis
Without being influenced by transient price fluctuations, moving average (MA) is used to determine the direction of a price trend.
Significant market movements may be validated and their legitimacy assessed using the exponential moving average (EMA).
A stochastic oscillator compares a single closing price of an asset to a range of its prices across time to demonstrate momentum and trend strength.
Moving average convergence divergence (MACD)
Bollinger bands are effective for identifying when an item is trading outside of its typical range and are used to forecast long-term price fluctuations.
Relative strength index (RSI) is mostly used to help identify momentum
Fibonacci retracement can pinpoint the degree to which a market will move against its current trend
Ichimoku cloud calculates price momentum, finds support and resistance levels, and gives you indications to aid in decision-making.
Read More Stories