Technicals Stability Returns

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Average Directional Index (ADX) Accumulation Distribution Index (ADI) On Balance Volume (OBV) Bollinger Band
MACD Volume Pivot Point Moving Average basics

When MACD Should Be Avoided

Back to MACD TutorialExample/Case Study

Case Study: ISPAT Industries Limited

The chart below is of ISPAT Industries Limited from the July 09 to May 10. The chart shows signal line and MACD.

In the chart above we can clearly see MACD line moves almost along with signal line giving little or no scope for trading.As their is not much of buy or sell signal in ISPAT Industries, MACD should be avoided.
Other tutorials which further enhance better grasp on MACD can be found at:
Back to MACD TutorialExample/Case Study

Our website provides free Stock screening based on MACD. It can be found at below link:

Moving Average Convergence and Divergence (MACD) Screeners
Bullish MACD Above Signal Bullish MACD Above Zero Bearish MACD Below Signal Bearish MACD Below Zero

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