This article unveils the intriguing phenomenon of the Golden Crossover in stock trading. Highlighting data from a recent screener, we delve into 10 stocks that have witnessed the formation of a Golden Crossover pattern. We ll provide a concise explanation of what the Golden Crossover is and discuss its significance in assessing stock movements.
These metrics are evaluated against the overall market, index and company’s own historic 5-year averages. Risk score evaluates a series of long term (5-year) and short term (90-day) stock performance measures including volatility, magnitude of returns, beta and correlation.
On August 4, Monday, Trendlyne reported over 40 Nifty50 stocks that are trading with the Golden Crossover pattern. ETMarkets has cherry-picked ten stocks from this group, offering potential investors valuable insights for their decision-making process
Each stock is ranked on a scale of 1 to 10. A score of 8 to 10 is considered positive, 4 to 7 is neutral and 1 to 3 is given a negative outlook. In addition to scores, the report also contains trend analysis, peer analysis and mean analysts’ recommendations