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Tenkan Sen Signals Negative Momentum For Hubspot Inc (HUBS)

  • Source: Browning Herald - - Read: 0



    Shares of Hubspot Inc (HUBS) are on watch as the Tenkan Line has moved below the  Kijun line, indicating negative momentum for the equity.  Hubspot Inc moved -0.42 in the most recent session and touched 160.09 on a recent tick.

    The Tenkan Line or Tenkan Sen (Sen means line in Japanese) is known as the conversion line or turning line is similar to a 9SMA but actually is quite different. Remember a SMA (simple moving average) will smooth out all the data and make it equal but the Tenkan Line will take the highest high and lowest low over the last 9 periods. The explanation for this is Hosada felt price action and its extremes were more important than smoothing any data because price action represented where buyers/sellers entered and directed the market, thus being more important than av ...



    Read Full News: https://browningherald.com/tenkan-sen-signals-negative-momentum-for-hubspot-inc-hubs/

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