openclaw-home-pc/workspace/skills/daily-stock-analysis/references/technical-analysis.md

Technical Analysis Reference

Use technical analysis as a decision support layer, not as a standalone certainty signal.

1. Trend Framework

1. Moving averages:

• 20/50/200-period moving averages as baseline trend map.
• Bullish regime: price above key moving averages with supportive slope.
• Bearish regime: price below key moving averages with negative slope.

2. Trend strength:

• Confirm with higher highs/higher lows (uptrend) or lower highs/lower lows (downtrend).

2. Momentum Framework

1. RSI:

• Overbought > 70, oversold < 30.
• Use divergence vs price as an early warning, not a standalone trigger.

2. MACD:

• Track line/signal crossovers and histogram trend.
• Prefer signals aligned with broader trend.

3. Volatility and Structure

1. ATR context:

• Use ATR expansion/contraction to assess regime change risk.

2. Bollinger context:

• Squeeze can precede expansion.
• Band walk can persist in strong trends.

4. Support and Resistance

Map levels from:

• Recent swing highs/lows
• Volume clusters
• Moving-average confluence
• Psychological round numbers

Use level breaks with volume confirmation where possible.

5. Volume Confirmation

1. Breakout quality improves with volume expansion.
2. Weak volume breakouts carry higher failure risk.
3. Divergence between price trend and volume trend can signal exhaustion.

6. Multi-Timeframe Alignment

1. Use higher timeframe (weekly/daily) for primary bias.
2. Use lower timeframe (daily/intraday where available) for timing.
3. Do not let lower timeframe noise override higher timeframe structure without strong evidence.

7. Signal Quality Rules

1. Require at least two independent confirmations before strong directional calls.
2. Mark low-confidence calls when indicators conflict.
3. Define invalidation level for every directional view.

8. Market-Specific Notes (US/CN/HK)

1. Liquidity and session structure differ by market.
2. Gap behavior and close auction effects may vary.
3. Technical indicator reliability can degrade during event-driven sessions.

9. Daily Output Guidance

At minimum provide:

• Trend state (bullish/neutral/bearish)
• 2-3 key levels
• RSI/MACD summary
• volume confirmation status
• invalidation condition