EGX 33 (Egypt) Momentum Indicators Aroon Oscillator

SHARIAH Index   3,130  28.16  0.91%   
EGX 33 momentum indicators tool provides the execution environment for running the Aroon Oscillator indicator and other technical functions against EGX 33. EGX 33 value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of momentum indicators indicators. As with most other technical indicators, the Aroon Oscillator indicator function is designed to identify and follow existing trends. Momentum indicators of EGX 33 are pattern recognition functions that provide distinct formation on EGX 33 potential trading signals or future price movement. Analysts can use these trading signals to identify current and future trends and trend reversals to provide buy and sell recommendations. Please specify Time Period to run this model.

The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Aroon Oscillator was developed by Tushar S. It is calculated by subtracting the Aroon Down from the Aroon Up. The resultant number will oscillate between 100 and -100. EGX 33 Shariah Aroon Oscillator will be high when the Aroon Up is high and the Aroon Down is low, indicating a strong upward trend. The Aroon Oscillator will be low when the Aroon Down is high and the Aroon Up is low, indicating a strong downward trend. When the Up and Down are approximately equal, the Aroon Oscillator will be around zero, indicating a weak trend or consolidation.

EGX 33 Technical Analysis Modules

Most technical analysis of EGX 33 help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for EGX from various momentum indicators to cycle indicators. When you analyze EGX charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

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