A Snapshot of Moving Averages

Bob Carey
Chief Market Strategist

Bio
X • LinkedIn

Blog Home

Send Us Your Comments And Questions

RSS Feed

A Snapshot of Moving Averages

Posted Under: Broader Stock Market

View from the Observation Deck

In today's post, we are showing the percentage of stocks in some major U.S. stock indices that are trading above their respective 50-Day and 200-Day moving averages.
Moving averages tend to smooth out day-to-day price fluctuations and can be a useful tool for traders to identify both positive trends and reversals, in our opinion.
On 10/11/19, the S&P 500, S&P MidCap 400 and S&P SmallCap 600 Indices closed 1.84%, 6.52% and 14.82%, respectively, below their all-time highs, according to Bloomberg.
The percentage of stocks in the S&P 500, S&P MidCap 400 and S&P SmallCap 600 Indices trading above their 50-Day moving averages on 10/11/19 were 61%, 62% and 57%, respectively.
The percentage of stocks in the S&P 500, S&P MidCap 400 and S&P SmallCap 600 Indices trading above their 200-Day moving averages on 10/11/19 were 62%, 53% and 45%, respectively.
The percentage of stocks trading above their 50-Day moving average by S&P 500 sector ranged from 36% (Energy) to 75% (Utilities).
The percentage of stocks trading above their 200-Day moving average by S&P 500 sector ranged from 25% (Energy) to 89% (Utilities).
Click here to see where these averages stood on 8/13/19.

This chart is for illustrative purposes only and not indicative of any actual investment. The illustration excludes the effects of taxes and brokerage commissions and other expenses incurred when investing. Investors cannot invest directly in an index. The S&P 500 Index is an unmanaged index of 500 stocks used to measure large-cap U.S. stock market performance, while the 11 major S&P 500 Sector Indices (Real Estate was added as the 11th major sector in 2016 but data is not available for this chart) are capitalization-weighted and comprised of S&P 500 constituents representing a specific sector. The S&P MidCap 400 Index is a capitalization-weighted index that tracks the mid-range sector of the U.S. stock market. The S&P SmallCap 600 Index is a capitalization-weighted index that tracks U.S. stocks with a small market capitalization.

Download a PDF of this post, please click here.

Posted on Tuesday, October 15, 2019 @ 1:15 PM • Post Link

Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.

Most Current Posts

<<< Newer Posts • Older Posts >>>

Search Posts

MARKET ANALYSIS

Market Commentary and Analysis
•	Market Commentary Video
•	Monthly Talking Points
•	Quarterly Newsletter
•	Market Observations

Subscribe To Receive Email

PREVIOUS POSTS
•	How Some Major S&P Stock Indices Have Fared Since The 2016 Brexit Vote
•	The Only Constant Is Change
•	The Lack of Bulls is Bullish Sign!
•	One Take On The U.S. Dollar
•	U.S. Retail Investors Seem Committed To Foreign Equities
•	S&P 500 Index Earnings & Revenue Growth Rate Projections
•	The Upcoming Winter Heating Season Could Provide A Much Needed Boost To Natural Gas Prices
•	Evaluations and Opportunities
•	S&P 500 Index Companies Continue To Reward Shareholders
•	S&P 500 Index’s Dividend Payout Expected To Set An All-Time High In Q3’19