NZ stock market still looks healthy

By | Insights
One indicator often used to gauge the market’s health is looking at the number of advancing stocks versus the number of declining ones. This indicator of market breadth measures the...
One indicator often used to gauge the market’s health is looking at the number of advancing stocks versus the number of declining ones. This indicator of market breadth measures the difference of how many stocks are going up on a daily basis compared to the number of stocks falling. In rising stock markets the indicator suggests that the uptrend is still in place. If the market is still going up but more individual securities are falling rather than rising, this can by an early indicator that the trend may be turning. Looking at the S&P/NZX 50 Gross Index versus market... Read more