Advance decline ratio is an indicator of market breadth. Analyze advance decline data for today & find pattern by analyzing 30 days data for adv dec.
Advance-Decline Ratio is a tool used to compare the number of stocks that closed higher with the number of stocks that closed lower than their previous day's closing prices.
To calculate the advance-decline ratio, divide the number of advancing shares by the number of declining shares.
The advance/decline ratio is a market breadth indicator. A rising A/D ratio value suggests that the market is gaining momentum, whereas a falling value suggests that the market may be losing momentum.
A high advance-decline ratio on a standalone basis might signal an overbought market, while a low ratio means an oversold market. Meanwhile, a steadily increasing ratio might signal a bullish trend, and the opposite would indicate a bearish trend.
NSE advance decline ratio today is 1329 advancing stocks and 1174 declining stocks.
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