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Majority Stocks in NASDAQ are trading -10% below their 200 DMA

15 April 2022 • Parikshit Singh

33.98% stocks are currently trading below -10% from their 200 DMA line on the downside. This indicates the markets are possibly entering oversold levels as majority of NASDAQ’s stocks are 10% above their mean levels. Hence, investors should keep an eye out for more stocks trading at these oversold levels as it could signal a mean reversion in the making.

Investors should also assess various trigger points driving NASDAQ”s momentum. High volumes of buying/selling can move stocks away from their 200 DMA, which can prove beneficial for traders.

The 200 DMA represents the average level of prices for the past 200 days of closing prices of NASDAQ and is known to be a strong indicator of average levels and momentum for NASDAQ.

A snapshot of the current position of NASDAQ stocks from their 200 DMA.

RANGENO OF STOCKSPercentage of Stocks
-10% to 02625.24%
< -10%3533.98%
TOTAL6159.22%

-10% to 0: WBA, VRSN, TXN, SNPS, SGEN, ROST, PCAR, NTES, MNST, MSFT, LBTYK, LBTYA, KLAC, INTU, GILD, FISV, CPRT, CMCSA, CSCO, BKNG, ASML, AMAT, ADI, AMZN, AMD, ATVI.

< -10%: ZM, WDAY, TCOM, TTWO, SBUX, SWKS, QCOM, PDD, PYPL, NXPI, NVDA, NFLX, MRNA, MU, MCHP, MELI, LRCX, JD, ISRG, INTC, ILMN, IDXX, FB, EA, EBAY, DOCU, CSX, CTXS, CHTR, BIIB, BIDU, ADSK, ANSS, ALGN, ADBE.

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