Hello and welcome! Today, we will explore Applying Technical Indicators to Identify Trends using Tesla's ($TSLA) stock data. You will revisit how to calculate Simple Moving Averages (SMAs), and learn how to identify trend signals like Golden Cross and Death Cross, and visualize these trends using pandas
and matplotlib
.
Lesson Goal: To understand and implement technical indicators (SMA) and identify trend signals (Golden Cross and Death Cross) in financial data using Python and Pandas.
Lesson Plan:
- Loading and Preparing Tesla Stock Data
- Calculating Simple Moving Averages (SMAs)
- Identifying Golden Cross and Death Cross
- Visualizing the Results
As a reminder, we will use historical prices of Tesla stock for our analysis. Let's load the dataset and prepare it:
Explanation:
- Import Libraries: We import
pandas
for data manipulation,matplotlib.pyplot
for plotting, andload_dataset
to fetch our Tesla stock data.
