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| | The Percent of Stocks Above the 100-day Moving Average is a market breadth indicator that measures the percentage of stocks trading above their 100-day moving average, a mid-term trend line. Traders use this indicator to assess market momentum and strength over a medium-term horizon. A high percentage of stocks (above 70%) are above their 100-day moving average, indicating broad market strength and a bullish trend for the mid-term. Conversely, when the percentage is low (below 30%), it signals market weakness and a bearish trend. Extreme readings, such as more than 80% of stocks above their 100-day moving average, may suggest that the market is overbought, increasing the likelihood of a correction. On the other hand, if fewer than 20% of stocks are trading above the 100-day moving average, it could indicate oversold conditions, signaling a potential rebound. Traders often use the % Above SMA(100) indicator in conjunction with others to time their trades and monitor shifts in market sentiment. |
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Enhance your market analysis with premium access:
Real-time % Above 100MA charts with no delay
Access to additional broad market indices, including the NYSE Composite, Nasdaq Composite, Russell 1000, Russell 2000, Russell 3000, Russell Micro Cap, and FTSE All Share
A wider range of data is available, featuring weekly and monthly timeframes
Develop and backtest your stock trading strategies using market breadth indicators as an effective regime filter
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