Market Breadth Dashboard (MB)
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🕙 Usually updated 20 minutes after market close.
This indicator measures the overall health of the market by comparing the number of advancing stocks to declining ones. Specifically, a value of 50 means that 50% of stocks have their closing prices above their 21-day moving average. A market breadth value over 80 indicates an overbought condition, suggesting that a majority of stocks are trading above their averages, potentially pointing to an overheated market. Conversely, a value below 20 indicates an oversold condition, suggesting that a significant portion of stocks are trading below their averages, potentially signaling a buying opportunity.
© 2024 RegentQuant. Data as of 2024-10-13