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
Comment on Tesla Stock Price Reaches 'Death Cross' Status
jayemar@lemm.ee 2 months ago
Nothing in that article even explained what a “death cross” is
ALoafOfBread@lemmy.ml 2 months ago
MagicShel@lemmy.zip 2 months 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.
Cybrpwca@beehaw.org 2 months 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.
bradorsomething@ttrpg.network 2 months ago
Investopedia is a great resource for things like this: www.investopedia.com/terms/d/deathcross.asp
audaxdreik@pawb.social 2 months ago
Second paragraph?
As an example,
…finbold.com/…/What-is-a-death-cross--1024x631.jp…