MACD bearish crossover
MACD crossing below its signal line from above zero. Momentum rolling over.
The mirror of the bullish cross, and the more useful of the two if you already own stock. Requiring the cross to happen above zero catches names losing momentum while they are still in an uptrend. That is where the signal has something to say. Below zero it is confirming a decline that is already well underway.
More reversals:RSI oversold turning upRSI overboughtGolden crossDeath crossMACD bullish crossover
Price and delivery data from the eod2 dataset: National Stock Exchange of India end-of-day files, split- and bonus-adjusted, updated after each close. Not affiliated with or endorsed by NSE. PatternsRadar is a research tool. Nothing here is investment advice or a recommendation to buy or sell anything.