MACD or Moving average convergence divergence is a momentum indicator used in technical analysis. The metric shows the relationship between two moving averages of prices. For calculating MACD, 26-day EMA is subtracted from 12-day EMA. Also, a 9-day EMA of the MACD called the signal line, is plotted on the top of the MACD, which provides the likely trading strategy in a stock i.e. a buy or a sell.
iStock
2/7
Significance of the MACD going above 0
In case the MACD heads above zero, then it is seen as a bullish signal. So, below are the major large and midcap stocks for which the MACD has made a northward journey moving above 0. (Source: StockEdge)
iStock
3/7
IDBI Bank
MACD as on June 30: 0.03| Previous MACD: -0.08| Last close as on June 30: Rs 55.35| Stock price change: 3.3%
ETMarkets.com
4/7
Eicher Motors
MACD as on June 30: 1.18| Previous MACD: -0.45 | Last close as on June 30: Rs 3580.1 | Stock price change: 1%
ETMarkets.com
5/7
Persistent Systems
MACD as on June 30: 5.46| Previous MACD: -2.18| Last close as on June 30: Rs 5011.05 | Stock price change: 2.8%
ETMarkets.com
6/7
Infosys
MACD as on June 30: 0.91| Previous MACD: -3.27| Last close as on June 30: Rs 1335.5| Stock price change: 3.3%
ETMarkets.com
7/7
Star Health and Allied Insurance
MACD as on June 30: 1.79| Previous MACD: -1.41| Last close as on June 30: Rs 585.1| Stock price change: 2.5%
