Voyager Digital - Crypto Exchange

Voyager Digital is an exchange focused on cryptocurrency. This view of the weekly chart shows very positive action.

■ Price above 10-week SMA for 20 weeks.
■ RS Line at new high.
■ Short and long-term trendlines of RS Line heading up.
■ New high price reached.
■ Nearly all volume bars have been up weeks for 20 week.

For those unfamiliar with the RS Line, it is used to measure performance versus an index. For this chart, I've set the RS Line index to the S&P 500.

If you are looking at a weekly chart, the RS Line is the performance of the stock over the past week versus the S&P 500 over that same time frame. The same logic applies to the daily and monthly charts, only the time frames are different.

If a stock moves up for the day/week/month and the S&P 500 does not, the RS Line will move up. If a stock ends the day/week/month flat, yet the S&P 500 moves up, the RS Line will go down.