| Rank | Ticker | Consecutive Days Above Signal Line | Name |
|---|---|---|---|
| 1 | GUSH | 21 | Direxion Daily S&P Oil & Gas Ex |
| 2 | PBR | 21 | Petroleo Brasileiro S.A. Petrob |
| 3 | CVE | 12 | Cenovus Energy Inc |
The MACD (Moving Average Convergence Divergence) is a popular technical analysis indicator used by traders to identify changes in the strength, direction, momentum, and duration of a stock's price trend. Developed by Gerald Appel in the late 1970s, it's a momentum oscillator that provides trading signals by showing the relationship between two exponential moving averages of a security’s price. The MACD is composed of three components that are typically plotted below the price chart: