The last time the technical gauge pointed to potential buy signals
, the token rose for about a month.
The survey notes that "risk assets look toppy as buy signals
Furthermore, 80 per cent of all buy signals
were able to correctly predict price movements at the one- and ten-day lag, suggesting that trading rules generate relevant market timing information.
At the moment the indicators are poised for buy signals
; the hourly chart (chart 2) shows that Rosneft's shares surpassed the upper end of the medium-term downward channel, formed a reversal pattern a double bottom, which can serve as an impetus for buy signals
in the weekly timeframe.
Thus, the conditional mean returns for a buy signal
is derived as the mean of daily returns over the period which includes all days when buy signals
The indicator of ADX dynamics sent buy signals
on March 1 and 4.
surface on an upturn from depressed levels of -100 or less.
The indicator based on ADX dynamics gave buy signals
on January 22 and 31.
Indicators: in the daily chart MACD has formed a buy signal
. The uptrend indicator DMI+ edged up slightly above the downtrend indicator DMI-, while the trend strength indicator ADX is located in the middle of the scale and is going downwards, indicating completion of the downtrend and a possible turnaround in the upward trend.
MACD is forming a buy signal
. ADX is indicating the finishing downtrend and the start of an uptrend; DMI+ is somewhat above DMI-; ADX is at the bottom of the scale and is moving sideways.
MACD is very likely to form a buy signal
in the coming days.
MACD formed a buy signal
. ADX is signalling the uptrend development.