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Market Trend
Overview
Market Trend: Financial tools for determining daily market sentiment. Shown as probability (%) that market sentiment should be patterns as Downtrend, Sideway or Uptrend.
Methodology: applying SPY index as main data and applying technical analysis which are Average Direction Index(ADX), Moving Average Convergence/Divergence (MACD) as calculating tools. The tools are modified by Deepscope.com team to recommend market trend in term of possibility (%).
Definition
- Downtrend meaning probability that market would be strong downtrend.
- Uptrend meaning probability that market would be strong uptrend.
- Sideway meaning market would be shown as non-significant trend. The index would swing in an boundaries or movement of index would not be strong.
Example as of: 2024-12-20
Interpretation demonstration
Market Trend tool would recommend market trend using highest probability of each trend shown as daily i.e. from the “Downtrend” value is 55.1% is the highest probabilities among three categories. The next highest possibility market would be “Uptrend” at 29.7% And the least probability market would be “Sideway” is 15.2%
With the Market Trend tool, investors can assess and estimate risk/return and then able to appropriate adjusting their strategies according to various chance of each market type.