The 3rd Action Zone technical analysis indicator is all about price characteristics. Prices go up and prices go down. An “up” price move is strongest when the markets are in an upward direction. But even a sideways market can be beneficial for shorter term buy then sell investments. Downward markets also offer opportunities to accumulate stocks, even though there always seems to be an influence pushing the market to go up. See what the markets are doing now by visiting our Markets page chart service.
Reviewing “market” charts provides a sense of the direction in which the stock market is moving. These charts help assess bullishness (is the market going up), bearishness (is the market going down), or is the market moving sideways at price tops or bottoms. Since the majority of stocks move in the same direction as the market, it is sensible to understand the direction of the general market and specific group of interest.
Price characteristics provide vast insight into the direction of individual stocks and the market as well. Combining the Stochastic Oscillator and MACD along with price characteristics, offers an added benefit of increasing investment success and confidence in the decision making process.
For Price Characteristic technical analysis, select the following links: