NAB - MACD Daily Histogram above 0 for 25 Consecutive Days
The National Australia Bank Ltd (ASX:NAB) MACD Histogram (12, 26, 9) has just recorded 25 consecutive days above 0. Since 2000, this type of indicator persistence above 0 when trading above its 200-day moving average, was usually the forerunner to some short-term upside.
The 6-day average absolute return, following NAB's (12, 26, 9) MACD Daily Histogram above 0 for 25 consecutive days when trading above its 200-day moving average, was 2.16% with a win rate of 14 from 15, median 2.34%, & standard deviation of 1.74%.
The 20-day average relative return versus the All Ordinaries Index , following NAB's (12, 26, 9) MACD Daily Histogram above 0 for 25 consecutive days when trading above its 200-day moving average, was 1.33% with a win rate of 12 from 15, median 0.85%, & standard deviation of 1.74%.
Disclaimer: This data is not financial advice. Data is for educational & informational purposes only & should not be used to make any investment decisions. No representation or warranty is given as to the accuracy or completeness of this information. Past performance is not a guide to future performance & may not be repeated.
The 6-day average absolute return, following NAB's (12, 26, 9) MACD Daily Histogram above 0 for 25 consecutive days when trading above its 200-day moving average, was 2.16% with a win rate of 14 from 15, median 2.34%, & standard deviation of 1.74%.
The 20-day average relative return versus the All Ordinaries Index , following NAB's (12, 26, 9) MACD Daily Histogram above 0 for 25 consecutive days when trading above its 200-day moving average, was 1.33% with a win rate of 12 from 15, median 0.85%, & standard deviation of 1.74%.
Disclaimer: This data is not financial advice. Data is for educational & informational purposes only & should not be used to make any investment decisions. No representation or warranty is given as to the accuracy or completeness of this information. Past performance is not a guide to future performance & may not be repeated.