How to use Moomoo features to spot a stock price trend 📈 - Google's Story
I used share price trending to decide if I should initiate a buy order in stock or options. We can determine the stock price trend by using Moomoo features.
Here are 4 easy-to-used features:
1) Indicators sentiment
Moomoo provides 15 types of TA indicators to help you analyse the sentiment of a stock. Sometimes the indicators don't agree with each other because the indicators have limitations. You should use the other features to verify the price trend.
1) Indicators sentiment
Moomoo provides 15 types of TA indicators to help you analyse the sentiment of a stock. Sometimes the indicators don't agree with each other because the indicators have limitations. You should use the other features to verify the price trend.
2) Candlestick patterns
The daily stock price may show a candlestick pattern (bullish or bearish) when it matches one. It is done by comparing with similar pattern occurred in the past (in different stock). This is a real-time tracking but there is a possibility that the indicator may give a false/delayed signal. The screenshot showed a double bottom bullish candlestick pattern appeared in a stock which accurately predicted the 11-days winning streak. You can read more here:
TA showed Double Bottom Pattern on Tesla Chart Bullish signal share price uptrending
The daily stock price may show a candlestick pattern (bullish or bearish) when it matches one. It is done by comparing with similar pattern occurred in the past (in different stock). This is a real-time tracking but there is a possibility that the indicator may give a false/delayed signal. The screenshot showed a double bottom bullish candlestick pattern appeared in a stock which accurately predicted the 11-days winning streak. You can read more here:
TA showed Double Bottom Pattern on Tesla Chart Bullish signal share price uptrending
You can view the pattern by going to Setting (click bottom right symbol)>Chart>Chart Marking and switch on Candlestick patterns. The pattern should appear on the stock chart when it matches one.
3) TA indicators on price chart
You can switch on the various types of indicators in the price chart and decide for yourself the price trend. In the screenshot, I used Bollinger bands to show a bearish share price when it engulfed the upper band. The share price fell a few days later. Note that like feature #1, such indicator may give a false signal because the conclusion made is based on your interpretation which can be subjected to confirmation bias.
You can switch on the various types of indicators in the price chart and decide for yourself the price trend. In the screenshot, I used Bollinger bands to show a bearish share price when it engulfed the upper band. The share price fell a few days later. Note that like feature #1, such indicator may give a false signal because the conclusion made is based on your interpretation which can be subjected to confirmation bias.
4) Analyst ratings
Moomoo has various popular analysts like Wedbush, Morgan Stanley and JP Morgan to give ratings and predict the target price (TP) of a stock. It has just added another popular analyst called Morningstar. This feature should give you a sense about the stock performance by looking at the consensus ratings. But there are times when the analysts don't agree with each other and TP figures are ridiculously very different. Some ratings flip-flops frequently.
Moomoo has various popular analysts like Wedbush, Morgan Stanley and JP Morgan to give ratings and predict the target price (TP) of a stock. It has just added another popular analyst called Morningstar. This feature should give you a sense about the stock performance by looking at the consensus ratings. But there are times when the analysts don't agree with each other and TP figures are ridiculously very different. Some ratings flip-flops frequently.
My experience:
1) There are other Moomoo features to predict price trends like Unusual Options Activity, Short Volume and Interest, Stock value comparison (P/E, P/B and P/S ratio) etc.
2) Logically the more features you use, the better investment decisions you will make. But in real life, it can be very confusing and this is where experience comes in.
3) You can test your trading strategy by using Moomoo's Papertrade to improve the accuracy and gain experience .
4) After I spotted a bullish price trend in $Alphabet-C (GOOG.US)$ stock, I decided to buy low and sell high. I used the RSP calculator to check the rate of return if I DCA (dollar cost average) into the stock over a period of time. You can read the details of my trading strategy here:
My Investment Plan in the next Quarter
Disclaimer: This post is not financial advice. Everyone has a different risk appetite hence following other trading blindly can lead to losses. You should DYODD and invest within your means.
4) After I spotted a bullish price trend in $Alphabet-C (GOOG.US)$ stock, I decided to buy low and sell high. I used the RSP calculator to check the rate of return if I DCA (dollar cost average) into the stock over a period of time. You can read the details of my trading strategy here:
My Investment Plan in the next Quarter
Disclaimer: This post is not financial advice. Everyone has a different risk appetite hence following other trading blindly can lead to losses. You should DYODD and invest within your means.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
3062Followers
95Following
12KVisitors
Follow
DCX98 : hi may I know where to check the double bottom ? thank you
ZnWC OP DCX98 : You can view the pattern by going to Setting (click bottom right symbol)>Chart>Chart Marking and switch on Candlestick patterns. The pattern should appear on the stock chart when it matches one.
DCX98 ZnWC OP : thank you
Laine Ford : I will buy
amanda kalman :
amanda kalman : 3) TA indicators on price chart
You can switch on the various types of indicators in the price chart and decide for yourself the price trend. In the screenshot, I used Bollinger bands to show a bearish share price when it engulfed the upper band. The share price fell a few days later. Note that like feature #1, such indicator may give a false signal because the conclusion made is based on your interpretation which can be subjected to confirmation bias.
104247826 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
JSGR ZnWC OP : Hi, it is weird that i don't see Candlestick Patterns option in Chart Marking. Any idea?
ZnWC OP JSGR : Mine showed. You can try updating the Moomoo app or checking with CS.