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Vedant Fashions among 6 midcaps giving bullish signal as MACD moves above 0

, ETMarkets.com|

06 Sep 2023, 03:18 PM IST

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Positive Trend

MACD or moving average convergence divergence is a momentum indicator used in technical analysis of stocks to determine the relationship between two exponential moving averages (EMAs) of a security's price.

For calculating MACD, the 26-day EMA is subtracted from the 12-day EMA. The indicator is used to play on trends. Further, a 9-day EMA of the MACD called the Signal Line is plotted on the top of the MACD, which offers the likely trading strategy in a stock i.e. a ‘buy’ or a ‘sell’.

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Significance of MACD going above 0

In case the MACD heads above zero, it is seen as a bullish signal. So, below are the midcap stocks for which the MACD has made a northward journey moving above 0. (Source: StockEdge)

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