The first sign of an oversold condition By: Dean Christians | September 6, 2022
• The stochastic oscillator, which measures overbought or oversold conditions, can be applied to a group of stocks to measure participation. Last week, the number of S&P 500 stocks with a stochastic oscillator of less than 20 surged above 73%, triggering a buy signal for a voting member in the composite washout model.
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor! • DiscoverGold
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.