Tesla is just the latest to see the symbol of bearishness, which occurs when a company’s 50-day moving average crosses and drops below the 200-day average.
The “death cross” market chart pattern refers to the drop of a short-term moving average—meaning the average of recent closing prices for a stock, stock index, commodity, or cryptocurrency over a set period of time—below a longer-term moving average. The most closely watched stock-market moving averages are the 50-day and the 200-day.
Nothing in that article even explained what a “death cross” is
Second paragraph?
As an example,
https://assets.finbold.com/uploads/2024/06/What-is-a-death-cross--1024x631.jpg
I found a definition.
The “death cross” market chart pattern refers to the drop of a short-term moving average—meaning the average of recent closing prices for a stock, stock index, commodity, or cryptocurrency over a set period of time—below a longer-term moving average. The most closely watched stock-market moving averages are the 50-day and the 200-day.
https://www.investopedia.com/terms/d/deathcross.asp
Basically it is a “technical analysis” thing. Which basically means divination based on the “shapes the stonk line make”.
Death cross scary shape when stonk line cross other line you draw
Investopedia is a great resource for things like this: https://www.investopedia.com/terms/d/deathcross.asp