27 August, 2019
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OI and S&P 500 Correlation Stock Charting
Study Owens-Illionis Inc and S&P 500 Correlation stock chart.
See chart, picture worth a thousand words.
OI Price Action after retest the high, drop from the top to low and sideways. See chart. Price Action drops further to lower.
OI price action is very different from Standard and Poor 500 Index. See chart. Other than just before the start of 2019, S&P 500 drop the bottom, the rest of the time, S&P 500 Index try to stay high.
Trade with your eyes open.
Moses Stock Observation
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Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.