Today we will discuss how to find out if a stock is bullish or bearish or trading in a range
Bullish means — the prices are expected to go up in the future. Bearish means — the prices will decline. Trading in a range means the prices are flat and no appreciation/depreciation is likely
The simplest way to sense the direction of a stock is to use the moving average indicator on the chart.
If the slope is positive — then it is in an uptrend. Negative slope — downtrend. and if the line is parallel to X axis — it is trading flat.
Uptrend
Downtrend
Sideways Market
