SCG - 5-day return following a Death Cross isn't that Deadly
The price chart of Scentre Group (SCG) has just triggered a Death Cross (50-day moving average below 200-day moving average). Historically, this price pattern hasn't been that deadly for SCG. Since listing in 2014, a Death Cross has been observed on 5 previous occasions (first event in at least 20 rolling trading days). Each Death Cross signal resolved to the upside over the next 5-days.
Looking forward 5-days, SCG, provided an average gain of 2.20%, win rate of 5 from 5, standard deviation 1.98%, maximum 5.67%, median 1.43%, minimum 0.77%.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.
Looking forward 5-days, SCG, provided an average gain of 2.20%, win rate of 5 from 5, standard deviation 1.98%, maximum 5.67%, median 1.43%, minimum 0.77%.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.
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