Technical Analysis Archives - Page 5 of 7

Stochastic RSI vs RSI: Is one better than the other?

Stochastic RSI vs RSI Indicator: Is one better than the other?

RSI, Techncial Indicators, Technical Analysis, Technical Indicators / Steve Burns

The following is a guest post from @PatternsWizard of PatternsWizard.com What is the Relative Strength Index (RSI)? RSI is a technical indicator used in technical analysis that helps to gauge the velocity of price changes. It is also a momentum oscillator and can point to overbought/oversold market conditions. RSI functions on the assumption that prices tend […]

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Oversold Stocks Checklist

Technical Analysis, Technical Indicators / Steve Burns

Oversold is a technical analysis term for when the price of a company’s stock is considered too low from a technical view point. Value investors can also measure a stock as oversold from a fundamental perspective of business value. Oversold stocks are shares in a company that have gone down so far and so fast

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Exhaustion Gap Definition

Chart Patterns, Chart Reading, Technical Analysis / Steve Burns

An exhaustion gap is a bearish reversal signal on a chart that occurs after a sharp move higher. An exhaustion gap happens near a high in price on a chart when a space forms between a closing price and a lower opening price. This pattern generally has the most meaning on a daily chart. This

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Is Technical Analysis a Self Fulfilling Prophecy?

Technical Analysis / Steve Burns

A self-fulfilling prophecy is a process where an original expectation creates the conditions of its own reality. With a self-fulfilling prophecy expectations and behaviors about a future event cause the result that confirm the original prediction. Some speculate that the reason that price support levels and price resistance levels have meaning is because people believe

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What is the CCI Indicator?

Techncial Indicators, Technical Analysis, Technical Indicators, Technicals / Steve Burns

The CCI indicator (commodity channel index) is an oscillator originally created in 1980 by Donald Lambert . He developed CCI originally to identify and quantify cyclical moves in commodity charts, but this technical indicator has also been used on stock indexes, exchange traded funds, stocks and charts of other markets. It can be used as

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New Technical Indicator: Steve Burns Moving Averages Ribbon

Moving Average Strategy, Moving Averages, Techncial Indicators, Technical Analysis / Steve Burns

The Steve Burns Ribbon technical indicator is a new tool for the technical analysis of stock trends by combining key moving averages. The MA Ribbon by Steve Burns is currently available on the TrendSpider.com charting platform and can be searched in indicators and loaded onto charts. The moving averages in the Steve Burns Ribbon can

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Introduction to Technical Indicators and Oscillators

Techncial Indicators, Technical Analysis / Steve Burns

Technical analysis indicators derive their readings by applying a formula to a series of price data on a chart. The historical price data used can include samples of the opening price as well as the high and low or closing price over a specified time period. Different technical indicators will use different types of price

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Trading Chart Patterns Step by Step

Chart Patterns, Technical Analysis / Steve Burns

Chart patterns are visual representations of the behaviors of buyers and sellers around different price levels. Chart patterns are bullish when a chart is making higher highs and higher lows, they are bearish when they are making lower highs and lower lows, and range bound when they have defined support and resistance levels and no

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Ten Best Books on Technical Analysis

Technical Analysis, trading books / Steve Burns

In trading the financial markets, technical analysis is a method for analyzing price action on a chart to forecast the probability of the future direction of the trend. Technical analysts use charts and the patterns of price data and volume to find key levels of support and resistance along with the path of least direction

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Retracement Meaning

Chart Patterns, Chart Reading, Technical Analysis, Trading / Steve Burns

A retracement on a chart means that there is a temporary pullback on the direction of the price action against the longer term trend. A retracement can return to a previous vertical support level like an ascending or descending moving average or a Fibonacci level while a reversal breaks a key previous support or resistance

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