Orenth
Strategy test · trend

Does MACD momentum work?

MACD histogram direction and expansion. Tested on every popular stock and coin, with real trading costs taken off.

The short answer

After costs, it kept money on 18 of the 48 stocks and coins we test.

It gave a signal 11,834 times and worked 3,147 of them (27%). On average each trade lost -0.01R.

InstrumentKept a tradeHit rate WorkedSignals
MSTR Strategy (MicroStrategy) +0.18R 35% 83 234
KO Coca-Cola +0.16R 30% 70 235
BAC Bank of America +0.14R 33% 78 235
HOOD Robinhood +0.14R 34% 80 236
AVAX Avalanche +0.13R 30% 105 354
CRWD CrowdStrike +0.11R 34% 75 222
JPM JPMorgan Chase +0.10R 32% 73 227
TSLA Tesla +0.10R 34% 85 251
AMC AMC Entertainment +0.07R 27% 61 222
AMD AMD +0.06R 30% 75 249
F Ford +0.04R 26% 63 240
DOGE Dogecoin +0.04R 28% 93 327
NFLX Netflix +0.03R 28% 65 229
LINK Chainlink +0.02R 28% 97 350
AAPL Apple +0.02R 30% 70 233
SOL Solana +0.02R 26% 91 351
BA Boeing +0.02R 31% 71 229
NVDA NVIDIA 0.00R 32% 78 244
WMT Walmart -0.01R 25% 57 230
RIVN Rivian -0.01R 24% 55 228
BTC Bitcoin -0.02R 23% 79 347
NKE Nike -0.02R 25% 60 242
COIN Coinbase -0.02R 26% 63 240
SNOW Snowflake -0.03R 26% 57 217
ADA Cardano -0.03R 23% 77 336
GOOGL Alphabet (Google) -0.03R 25% 60 236
GME GameStop -0.03R 23% 48 211
MSFT Microsoft -0.04R 24% 53 225
ARM Arm Holdings -0.04R 27% 35 131
ETH Ethereum -0.05R 21% 72 335
INTC Intel -0.06R 28% 68 239
SOFI SoFi -0.06R 26% 56 219
XRP XRP -0.06R 26% 88 342
UBER Uber -0.07R 22% 50 232
DIS Disney -0.07R 24% 58 244
META Meta -0.08R 26% 61 233
COST Costco -0.08R 26% 61 239
SPY S&P 500 ETF -0.08R 24% 54 221
SMCI Super Micro Computer -0.08R 27% 67 246
RDDT Reddit -0.08R 28% 25 90
VOO Vanguard S&P 500 ETF -0.08R 25% 56 222
QQQ Nasdaq 100 ETF -0.09R 29% 63 221
PLTR Palantir -0.09R 22% 53 236
PYPL PayPal -0.09R 20% 44 215
SHOP Shopify -0.15R 22% 48 222
LTC Litecoin -0.15R 22% 75 347
AVGO Broadcom -0.18R 24% 49 206
AMZN Amazon -0.21R 20% 42 214
How we tested

Re-run every day. Past results do not promise future ones. This is software output, not financial advice.

Other trend strategies

all of them →

See what works on the stock you are looking at.

Orenth runs all 34 strategies on any stock or coin, and says so when none of them has an edge.

Analysing
Fetching data, running 34 strategies, and back-testing each one against this instrument's own history.