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

Alternate Symbol(s): DPXCF

DelphX Capital Markets Inc. is a Canada-based technology and financial services company focused on developing and distributing structured products. The Company’s primary business objective is to develop a global facility for transparent offering, purchase, sale, collection and storage of certain fixed income securities and derivatives, and to manage data, research, analytics, and valuations of... see more

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DelphX Capital Markets Inc > Delphx Capital Markets Posts 50-Day MA Price Cross Chart

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Post by yukon_gold on Feb 14, 2024 10:34pm

Delphx Capital Markets Posts 50-Day MA Price Cross Chart

Feb 14, 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 $0.16.

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.