The most recent moving average crossover generated a sell signal.Īt this time last year, stocks were rolling en route to a 28% gain for US stocks (as measured by the S&P 500) in 2021.Short-term buy and sell signals can be generated by crossovers of 2 moving averages.Moving averages are one of the simplest and most commonly used technical indicators.On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. SIGL stock was up 47.1% as of Friday morning. The Zoom Video Communications initial public offering (IPO) also resulted in a boost to ZOOM stock. Ironically enough, that was the first time it had happened. At that time, investors ending up putting their stakes in the wrong stocks. Acton’s specialty is social media and he’s the co-founder of WhatsApp.Īll of this is reminiscent of the Zoom Video Communications (NASDAQ: ZM) and Zoom Technologies (OTCMKTS: ZOOM) confusion that took place last year. Marlinspike has been involved in the encryption market for years with the launch of TextSecure and Red Phone in 2010. So if Singal Advance has nothing to do with the Signal app, then who does? The app is the brainchild of Moxie Marlinspike and Brian Acton. That’s well above SIGL stock’s daily average trading volume of only about 10,000 shares. Even so, more than 447,000 shares have changed hands today. That’s a far cry from anything that the Tesla CEO was talking about yesterday. Signal Advance is a tech company with a focus on reducing delays in devices that rely on analog signals. Signal Advance has nothing to do with the Signal app. A Tweet from Musk early Thursday morning simply said “Use Signal.” His endorsement of the encrypted messaging service saw investors hungry to make a profit jump on shares of SIGL stock.

Signal messenger app share price