By Surbhi Jain
Publication Date: 2026-04-24 12:23:00
The move hasn’t just reclaimed lost ground—it has effectively invalidated a recent Death Cross, turning a lagging sell signal into a contrarian bullish cue.
Chart created using Benzinga Pro
Death Cross Reversal Signal
The earlier death cross formed, suggested weakening momentum as shorter-term averages dipped below longer-term ones. But the speed and strength of the April rally have changed that narrative entirely.
Price is now decisively above all key moving averages, with a clean bullish stack—eight-day above 20-day, above 50-day, and above 200-day. This kind of realignment typically signals not just recovery, but a shift into a sustained uptrend.
In this context, the failed death cross becomes more important than the signal itself, highlighting how quickly bearish positioning got squeezed.
45% Rally Meets Overbought Conditions
The flip side of that strength is visible in momentum indicators. RSI (relative strength index) is hovering in overbought territory, while the gap between…
