VantagePoint Trading Software is a forecasting tool that uses both end of day data and artificial intelligence to provide traders a forecast of market movement. These forecasts are 1-3 days in advance and help traders improve their timing on making trades and maximizing profit potential. The artificial intelligence software forecasts market movement for stocks, futures, forex, ETFs and cryptocurrencies.
The Dow Jones U.S. Basic Materials Index is up 4 percent in 2017, making it an underperformer of the overall market by 2 percent. Today, we're looking at one of the members of that sector that appears primed to breakout: PPG Industries, Inc. PPG.
The VantagePoint Trading Journal On PPG
The two lines represent moving averages. The blue line is a predictive indicator that predicts where the moving average will be in two days. The black line is a simple 10-day moving average.
A crossover of the blue line over the black line indicates the start of a bullish trend, and vice versa for a bearish trend.
In this case, PPG's EPS and revenue beat served as a catalyst. Even though the Neural Index at the bottom of the chart is red, indicating short-term bearishness, the bullish trend is intact as long as the two lines don't cross.
VantagePoint is an editorial partner of Benzinga
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.