MTS - MACD Daily Histogram below 0 for 25 Consecutive Days
The Metcash Ltd (ASX:MTS) MACD Histogram (12, 26, 9) has just recorded 25 consecutive days below 0. Since 2000, this type of indicator persistence below 0, was usually the forerunner to some short-term upside.
The 20-day average absolute return, following MTS's (12, 26, 9) MACD Daily Histogram below 0 for 25 consecutive days, is 6.18% with a win rate of 16 from 18, median 4.23%, & standard deviation of 5.40%.
The 20-day average relative return versus the All Ordinaries Index , following MTS's (12, 26, 9) MACD Daily Histogram below 0 for 25 consecutive days, is 3.77% with a win rate of 15 from 18, median 2.85%, & standard deviation of 4.11%.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.
The 20-day average absolute return, following MTS's (12, 26, 9) MACD Daily Histogram below 0 for 25 consecutive days, is 6.18% with a win rate of 16 from 18, median 4.23%, & standard deviation of 5.40%.
The 20-day average relative return versus the All Ordinaries Index , following MTS's (12, 26, 9) MACD Daily Histogram below 0 for 25 consecutive days, is 3.77% with a win rate of 15 from 18, median 2.85%, & standard deviation of 4.11%.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.