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Technical analysis
Also called: Moving average convergence divergence
MACD (moving average convergence divergence) is the gap between a 12-period and a 26-period exponential moving average of price. A 9-period average of that gap is the signal line, and crossovers between the two are a common trend signal.
MACD = EMA(12) − EMA(26); Signal = EMA(9) of MACD; Histogram = MACD − Signal
If a stock's 12-day EMA is ₹1,020 and its 26-day EMA is ₹1,000, MACD is +20. When MACD moves above its signal line the histogram turns positive.
MACD (moving average convergence divergence) is the gap between a 12-period and a 26-period exponential moving average of price. A 9-period average of that gap is the signal line, and crossovers between the two are a common trend signal.
MACD = EMA(12) − EMA(26); Signal = EMA(9) of MACD; Histogram = MACD − Signal. If a stock's 12-day EMA is ₹1,020 and its 26-day EMA is ₹1,000, MACD is +20. When MACD moves above its signal line the histogram turns positive.
No. MACD describes one aspect of a company, a price or a contract, and it is best read alongside other numbers and the business itself. Jivani Markets is a research and education platform; it does not give buy, sell or hold recommendations.