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Market Technical Analysis

George Kung
Free
4.9 out of 5

About Market Technical Analysis

Stock market technical analysis in daily, weekly, monthly and intraday timeframes.

The analysis uses peaks and troughs, gaps, moving averages, pricing patterns together with trading volumes to find support and resistance levels. It also gives quantitative description of the support and resistance strength based on the analyzing of volumes and occurrences.

It identifies up and down trends or the lack of trends (e.g., range bound price movements) using pivot points, moving averages and RSI, MACD & ADX technical indicators. It also identifies conditions of additional trend confirmations as well as trend reversals.

It uses ATR indicator for price volatility and calculate entry points, stop loss levels for both long and short positions.

It gives interpretations to RSI, MACD & ADX indicators under different market conditions. For RSI, it identifies overbought and oversold conditions in a range-bound (non-trending) market. In a trending market, it signals trend reversal by looking for divergences between the movements of pricing and the indicator.

For MACD, it describes bullish or bearish sentiment with pricing momentum and gives alerts of bullish and bearish crossover in the signal line. For the ADX indicator, it interprets trend strength and direction based on DMI+, DMI- and ADX lines.

The parameters for moving averages and indicators are fully customizable for each timeframe.

The analysis works on stocks, ADRs, ETFs and Indexes.

Other than the USA and Canadian (TSX) markets, the app also supports UK (LSE), EURONEXT and XETRA, India (NSE), Japan (XTKS, XFKA and XSAP), Taiwan (XTAI and ROCO), Australia (ASX), Hong Kong (XHKG) and China (XSHE and XSHG) markets.

Version 4.5 and later include the option of using Adjusted Close Price. Adjusted close is the closing price after adjustments for all applicable splits and dividend distributions. Data is adjusted using appropriate split and dividend multipliers, adhering to Center for Research in Security Prices (CRSP) standards.

Market Technical Analysis Screenshots