Percent of Stocks Above 200 Day Average
How far one stock can go from 200 daily moving average, this is what we can see from this graph, The plot of the distance from the 200ma. Helpful to identify areas where the max distance from the 200ma caused a drop-down or jump up to the mean. This graph indicates when the average index of Nasdaq reaches support and resistance.
The 200-day moving average tracks a stock's average closing price over the most recent 200 days of trading. After another session on Wall Street ends, a new average price over the latest 200 days gets calculated. That's why the average is a moving average.