CBA - Following MACD Daily Histogram below 0 for 25 days
Since 2000, Commonwealth Bank (CBA) has displayed a consistent 15-day return following a 12, 26, 9 MACD Daily Histogram below 0 for 25 consecutive days & volatility was trending lower (50-day Average of Absolute Daily Deviation is lower than the 200-day Average of Absolute Daily Deviation). Average return of 2.80% with an unblemished win rate of 20 from 20.
Interestingly, despite the recent market gyrations, CBA remains above its 200-day moving average. If we include the additional context of this MACD event being triggered while CBA was above its 200-day moving average the sample size drops to 10 events, but the average return increases to 2.89% over 16-days with a 10 from 10 win rate.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.
Interestingly, despite the recent market gyrations, CBA remains above its 200-day moving average. If we include the additional context of this MACD event being triggered while CBA was above its 200-day moving average the sample size drops to 10 events, but the average return increases to 2.89% over 16-days with a 10 from 10 win rate.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.