Published on 29 Apr 2024 on Zacks via Yahoo Finance
YPF Sociedad Anonima (YPF) Recently Broke Out Above the 20-Day Moving Average
From a technical perspective, YPF Sociedad Anonima (YPF) is looking like an interesting pick, as it just reached a key level of support. YPF recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages.
Similar to other SMAs, if a stock's price moves above the 20-day, the trend is considered positive, while price falling below the moving average can signal a downward trend.