Comment on Tesla Stock Price Reaches 'Death Cross' Status

jayemar@lemm.ee ⁨1⁩ ⁨month⁩ ago

• audaxdreik@pawb.social ⁨1⁩ ⁨month⁩ ago

  Second paragraph?

  Tesla is just the latest to see the symbol of bearishness, which occurs when a company’s 50-day moving average crosses and drops below the 200-day average.

  As an example,

  …finbold.com/…/What-is-a-death-cross--1024x631.jp…

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• ALoafOfBread@lemmy.ml ⁨1⁩ ⁨month⁩ ago

  Basically it is a “technical analysis” thing. Which basically means divination based on the “shapes the stonk line make and other line you draw on stonk too”.

  Death cross scary shape when stonk line cross other line you draw

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  • MagicShel@lemmy.zip ⁨1⁩ ⁨month⁩ ago

    Biggest issue I’ve seen with technical analysis like this is that it’s more a measure of market sentiment, not fundamentals. You’re using the crowd as an indicator without any idea of whether the crowd knows anything you don’t or not.

    So it’s a little more meaningful than dowsing rods and tarot cards, but only barely. Market sentiment can change on a whim.

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• Cybrpwca@beehaw.org ⁨1⁩ ⁨month⁩ ago

  I found a definition.

  The “death cross” market chart pattern refers to the drop of a short-term moving average—meaning the average of recent closing prices for a stock, stock index, commodity, or cryptocurrency over a set period of time—below a longer-term moving average. The most closely watched stock-market moving averages are the 50-day and the 200-day.

  www.investopedia.com/terms/d/deathcross.asp

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• bradorsomething@ttrpg.network ⁨1⁩ ⁨month⁩ ago

  Investopedia is a great resource for things like this: www.investopedia.com/terms/d/deathcross.asp

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