Bullboard - Stock Discussion Forum Delphx Capital Markets Inc. V.DELX

Alternate Symbol(s): DPXCF

DelphX is a technology and financial services company focused on developing and distributing the next generation of structured products. Through its special purpose vehicle Quantem LLC, the Company enables fixed income dealers to offer new private placement securities that optimally transfer and diffuse credit risk, while allowing the enhancement of yield.

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Delphx Capital Markets Inc. > Delphx Capital Markets Posts 200-Day MA Price Cross Chart

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Post by yukon_gold on Mar 06, 2024 9:08pm

Delphx Capital Markets Posts 200-Day MA Price Cross Chart

Mar 06, 2024

Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Delphx Capital Markets Inc (DELX:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.14.

Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average period (21, 50 or 200 bars).

Moving averages are used to smooth out the volatility or "noise" in the price series, to make it easier to discover the underlying trend. By plotting the average price over the last several bars, the line is less "jerky" than plotting the actual prices. A bullish event is generated when the price crosses above the moving average, and in this state, the price is likely in an established uptrend. The opposite is true when the price crosses below the moving average, triggered a bearish event.

This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.