Similar Charts - Predict stock trends from historical info
Chart analysis is a technical trading method employed to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume. It helps guide traders to what is most likely to happen given past information.
Analyzing stock charts can be complicated, especially for beginners. Ever since prices first began to be charted, investors have been devising strategies for interpreting their movements. To forecast the future price movements, you have to correctly identify overall trends, support lines, resistance lines, etc. However, there is only one fundamental principle for all technicians: "WHAT is more important than WHY." To make this easier now, we offer a tailored tool — Similar Charts for all beginners.
How to find Similar Charts on Moomoo?
1. iOS & Android:
Tap setting button on top right corner of a chart, then tap on 'Similar Charts'.
Analyzing stock charts can be complicated, especially for beginners. Ever since prices first began to be charted, investors have been devising strategies for interpreting their movements. To forecast the future price movements, you have to correctly identify overall trends, support lines, resistance lines, etc. However, there is only one fundamental principle for all technicians: "WHAT is more important than WHY." To make this easier now, we offer a tailored tool — Similar Charts for all beginners.
How to find Similar Charts on Moomoo?
1. iOS & Android:
Tap setting button on top right corner of a chart, then tap on 'Similar Charts'.
2. Mac & Windows:
Right-click on a chart and click on 'Similar Charts'.
Right-click on a chart and click on 'Similar Charts'.
What is Similar Charts and how to use it?
Similar Charts is a simple tool that helps you do your chart analysis. You can use it to find stocks with comparable price trends. Moreover, you can autogenerate a forecast baseline chart based on similar price history.
Let's take $Microsoft (MSFT.US)$ as an example. Currently, the 1-day baseline chart looks like this. You might wonder how its prices are going to be in the future.
Similar Charts is a simple tool that helps you do your chart analysis. You can use it to find stocks with comparable price trends. Moreover, you can autogenerate a forecast baseline chart based on similar price history.
Let's take $Microsoft (MSFT.US)$ as an example. Currently, the 1-day baseline chart looks like this. You might wonder how its prices are going to be in the future.
By tapping Similar Charts, you can check out the following in the Similar Histroy section.
1. 100 stocks' similar price movements data
2. 5 most similar charts
3. A forecasted chart based on the above
1. 100 stocks' similar price movements data
2. 5 most similar charts
3. A forecasted chart based on the above
According to the results, 45 stocks with $Microsoft (MSFT.US)$ like chart rose in the next trading day while the other 55 fell. The price range was [-5.88%，17.39%].
The following 5 charts show you comparable stocks' price trajectories are likely to be in a month. We can see that currently, $VBI Vaccines (VBIV.US)$ 's performance from Sept 20th, 2019 to Oct 31th, 2019, is most similar to $Microsoft (MSFT.US)$. And its price rose slowly in the following month. We might assume that if the supply & demand relationship on $Microsoft (MSFT.US)$ is similar to $VBI Vaccines (VBIV.US)$, they should have similar charts. To check out the details of $VBI Vaccines (VBIV.US)$ , just tap then you will go to its quote page.
The following 5 charts show you comparable stocks' price trajectories are likely to be in a month. We can see that currently, $VBI Vaccines (VBIV.US)$ 's performance from Sept 20th, 2019 to Oct 31th, 2019, is most similar to $Microsoft (MSFT.US)$. And its price rose slowly in the following month. We might assume that if the supply & demand relationship on $Microsoft (MSFT.US)$ is similar to $VBI Vaccines (VBIV.US)$, they should have similar charts. To check out the details of $VBI Vaccines (VBIV.US)$ , just tap then you will go to its quote page.
If you wonder what the chart of $Microsoft (MSFT.US)$ might look like in the next month, you can simply go back to the top of this page, tap 'start' button in the orange zone of $Microsoft (MSFT.US)$ 's chart. Then you will get an auto-generated baseline chart popping up. (I always find this quite interesting.) But remember, these features are intended to be used and must be used for informational purposes only. It's very important to do your own analysis before making any investment decisions.
Thank you for reading. If you have any question or advice, please leave comments below. See you next time.![]()
Thank you for reading. If you have any question or advice, please leave comments below. See you next time.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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curtaincall : Good info![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Knulp :
Team moomoo OP : Great tool for trend analysis. Never miss it out![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
OFFICER TRUTH : Got anything for the Black-Scholes formula?
Team moomoo OP OFFICER TRUTH : Hi, thank you for your feedback. We have forwarded this to our colleagues.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
treydongui : dont know how i missed this. can't wait to add it to my pre trade checklist. thanks...
Neena : I really like this feature.
102586191 : awesome
Lawrence_88 : impressive course comparing similar charts u can mimic the technical indicators signals. Excellent highly recommended!
汪汪呢称 : Good for analysis usage
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