3 stocks at a Death Cross right now
The post 3 stocks at a Death Cross right now appeared on BitcoinEthereumNews.com. Some stock investors and renowned analysts have been waiting for a price recession in the stock market, as the Federal Reserve continues to increase interest rates in the United States. In this context, three stocks indicate they could be affected by a longer downtrend, in case a ‘Death Cross’ gets confirmed. Interestingly, a Death Cross is one indicator for technical analysis (TA) and it happens when a short-term moving average (50-day MA) crosses a longer-term moving average (like the 200-day MA), indicating a bearish trend reversal or trend validation downwards. In this context, Finbold turned to some of the most traded stocks in the market and found out that three of them have either already crossed long-term moving averages, or are threatening a reversal. These three are: Ford stocks death cross Ford stocks are changing hands at $12.13 per share by press time, having performed a death cross one month ago on September 22, at $12.70 per share. This death cross happened with the 50-MA crossing the 200-MA in the daily chart. Ford stocks 1-day price chart. Source: TradingView Notably, Ford had seen a golden cross just a few months ago on July 3, as it was reaching a local high at $15.42 per share. This golden cross was not enough for an uptrend continuation, with the price reverting right after, to its current situation. Fotor Motor Company reportedly struggles with contract negotiations with the United Auto Workers (UAW) union, hinting that it may have hit its maximum limit for financial concessions. Tesla stocks death cross Differently from Ford, Tesla stocks are again testing a death cross with the 50-day MA against the 100-day MA, which is a less reliable crossing than the one against the 200-day moving average. TSLA is trading at $254.95 per share. TSLA 1-day price chart.…
The post 3 stocks at a Death Cross right now appeared on BitcoinEthereumNews.com.
Some stock investors and renowned analysts have been waiting for a price recession in the stock market, as the Federal Reserve continues to increase interest rates in the United States. In this context, three stocks indicate they could be affected by a longer downtrend, in case a ‘Death Cross’ gets confirmed. Interestingly, a Death Cross is one indicator for technical analysis (TA) and it happens when a short-term moving average (50-day MA) crosses a longer-term moving average (like the 200-day MA), indicating a bearish trend reversal or trend validation downwards. In this context, Finbold turned to some of the most traded stocks in the market and found out that three of them have either already crossed long-term moving averages, or are threatening a reversal. These three are: Ford stocks death cross Ford stocks are changing hands at $12.13 per share by press time, having performed a death cross one month ago on September 22, at $12.70 per share. This death cross happened with the 50-MA crossing the 200-MA in the daily chart. Ford stocks 1-day price chart. Source: TradingView Notably, Ford had seen a golden cross just a few months ago on July 3, as it was reaching a local high at $15.42 per share. This golden cross was not enough for an uptrend continuation, with the price reverting right after, to its current situation. Fotor Motor Company reportedly struggles with contract negotiations with the United Auto Workers (UAW) union, hinting that it may have hit its maximum limit for financial concessions. Tesla stocks death cross Differently from Ford, Tesla stocks are again testing a death cross with the 50-day MA against the 100-day MA, which is a less reliable crossing than the one against the 200-day moving average. TSLA is trading at $254.95 per share. TSLA 1-day price chart.…
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