Join mooSchool Summer Camp S7 - Similar Charts
Yooo mooers,
How are you doing?
I wanna give you a big thumbs-up for ALL your efforts for the summer camp!
I wanna give you a big thumbs-up for ALL your efforts for the summer camp!
Today I'll introduce you to a brilliant feature - Similar Charts
Technical Analysis is working based on the assumption that history will repeat itself, so what happened in the past is likely to happen again. By analyzing the historical data of the stocks showing similar candle charts, you may tell future trends for the stocks you are closely watching.
Check out the Similar Charts on moomoo!
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Path: Detailed > Settings icon > Similar Charts
2. moomoo built a model for you to 'predict' the possible future trend.
(Forecast results do not constitute investment advice)
(Forecast results do not constitute investment advice)
Taking FUTU as an example:
First, enter the Similar Charts interface. moomoo built a model based on massive historical data, which will calculate and automatically generate the possible future trend for you.
Second, tap "Start" to view the forecast trend.
Third, the top-5 stocks with the most similar candle charts are displayed for your reference.
What's more, moomoo summarizes the percentage of Up/down scenarios from historical data for your reference.
Still taking FUTU as an example:
1) Rise Next Day: the price of 65% stocks with a similar candle chart rose on the next trading day.
2) Decline Next Day: the price of 35% stocks with a similar candle chart declined on the next trading day.
3). Maximum Increase: indicating the maximum increase FUTU could have on the next trading day shall be 42.76%.
4). Maximum Decline: Indicating the maximum decline FUTU could have on the next trading day shall be 42.76%.
End of class!![]()
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'Quiz': Participants who answered the 'quiz question' correctly will be rewarded with 188 points.
Quiz:
'Homework': Share with your fellow mooers how you like the feature of "Similar Charts". 1 winner will be selected based on the post's originality and quality. 1 FREE $BlackBerry share awaits.
~$$Tap to join the discussion$$ >> click 'Post' on the discussion page >> share how you like this feature with a minimum 80-word-count limit.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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SG58 : though I don't believe the logic behind it is sounds, but there's a possibility that history does repeat itself.
JYChong : it does indeed sound interesting. wonder what the algorithm and specific logic behind it is like
张伟祺 : Compare other brokers, in my opinion moomoo app is most user friendly. Thumb up.
CHONG ym : The software takes into account the needs of investors, and there are many details that investors feel easy to use. Awesome.
沉穩的克倫威爾 : Cymbal
102581267 : A Good feature to have though history may or may not necessarily provide a correct insight. It may be an advantage if one analyse it over many duration to get a trend. Make sense lol.
Baby steps : We can have a reference and do better decisions/ analysis before buy or sell the stocks.
rennymc : Now I’m going to do this with every stock because it looks like a fun function!
Emily : Very creative feature！
Weicl : Like
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