Facebook Twitter Gplus YouTube E-mail RSS
Home Social Media Stock Market Indicators Social Media Stock Sentiment Breadth Ticks Up for Most Active Stocks on Twitter

Breadth Ticks Up for Most Active Stocks on Twitter

Breadth for the 50 most active stocks on Twitter strengthened a bit over the past week. Most of the move was a result of a few stocks moving out of confirmed down trends to a positive divergence or unclear status.  A few cleared consolidation warnings and a couple more cleared their negative divergences.  Overall, the changes weren’t significant and looked like they were simply a result of the normal ebb and flow of the market.

The negative divergence that started after the May peak in the S&P 500 index (SPX) is still in place and reflects the trend I’ve been seeing with individual stocks where many are in multi-month consolidation patterns.  If those stocks start resolving upward then breadth should go on to new highs.  If they continue to break down they will drag the breadth measure and most likely the market with them.

Below is a breadth chart and a chart showing the current status breakdown.

 Share on Facebook Share on Twitter Share on Reddit Share on LinkedIn
No Comments  comments 
Add Comment Register

Leave a Reply

Your email address will not be published. Required fields are marked *

HTML tags are not allowed.