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 3 weeks ago
Nothing in that article even explained what a “death cross” is
ALoafOfBread@lemmy.ml 3 weeks ago
MagicShel@lemmy.zip 3 weeks 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 3 weeks 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 3 weeks ago
Investopedia is a great resource for things like this: www.investopedia.com/terms/d/deathcross.asp
audaxdreik@pawb.social 3 weeks ago
Second paragraph?
As an example,
…finbold.com/…/What-is-a-death-cross--1024x631.jp…