Currently, 89% of MSCI North America companies are above the 5-day MA,
84% are above the 50-day MA.
81% are above the 100-day MA.
And, 81% are above the 200-day MA.
Monday, October 21, 2013
MSCI North America Extended
We calculate the percentage of companies above certain moving averages (MA). Generally, when 70-80% of companies are above a MA, stocks are overbought and when only 20-30%, are above a MA, stocks are oversold.
Currently, 89% of MSCI North America companies are above the 5-day MA,
84% are above the 50-day MA.
81% are above the 100-day MA.
And, 81% are above the 200-day MA.
Currently, 89% of MSCI North America companies are above the 5-day MA,
84% are above the 50-day MA.
81% are above the 100-day MA.
And, 81% are above the 200-day MA.