Saqib Chart
A Saqib Chart is used to visually analyze the cumulative trend over a period of time. It does this by charting out the Number of Consecutive Increases (positive) and Consecutive Descreases (negative) bar chart lines. It is particularly useful in analyzing Stocks. It can also be used to check if Seasonality exists in a Time-series data.
Saqib Chart is particularly useful in understanding the Stock Trend for the Consecutive Up/Down Trading Strategy. Consecutive Up/Down Strategy goes against the Market momentum i.e. there might be an edge in buying after down days or selling after up days.
Saqib Chart for the Roblox Stock shows that the stock experiences a much higher number of Consecutive Increases than Consecutive Decreases |
Saqib Chart for the Blueprint Medicines Corp shows that the stock experiences higher number of Consecutive Decreases than Consecutive Increases |
Saqib Chart for the Atlassian Stock shows that the stock experiences about the same number of Consecutive Increases as Consecutive Decreases |
Saqib Chart for the HubSpot Stock shows that the stock experiences much higher number of Consecutive Increases than Consecutive Decreases |
Saqib Chart for the SpringWorks Therapeutics shows that the stock experiences about the same number of Consecutive Increases as Consecutive Decreases |