BHSDecember 12, 2017, Bayhorse Silver Inc (BHS.V) shares are on chartists watch as the stock is edging above the MACD Histogram zero line. Current levels place the share price around 0.215, while the MACD indicates a bullish trend. The MACD-Histogram is an indicator of an indicator. In fact, MACD is also an indicator of an indicator. This means that the MACD-Histogram is four steps removed from the price of the underlying security. In other words, it is the fourth derivative of price. First derivative: 12-day EMA and 26-day EMA Second derivative: MACD (12-day EMA less the 26-day EMA) Third derivative: MACD signal line (9-day EMA of MACD) Fourth derivative: MACD-Histogram (MACD less MACD signal line) The base for this indicator is the securitys price. It takes four steps to get from the actual price to the MACD-Histogram. Chartists should keep this in mind when analyzing the MACD-Histogram. It is an indicator of an indicator. Therefore, it is designed to anticipate signals in MACD, which in turn is designed to identify changes in the price momentum of the underlying security. Taking a further look at some technicals, shares of Bayhorse Silver Inc (BHS.V) have a 200-day moving average of 0.18. The 50-day is 0.21, and the 7-day is sitting at 0.20. Using a wider time frame to assess the moving average such as the 200-day, may help block out the noise and chaos that is often caused by daily price fluctuations. In some cases, MAs may be used as strong reference points for spotting support and resistance levels. Employing the use of the moving average for technical equity analysis is still highly popular among traders and investors. The moving average can be used as a reference point to assist with the discovery of buying and selling opportunities. https://earlebusinessunion.com/bayhorse-silver-inc-bhs-v-technicals-take-center-stage/506033/