Moving Average Convergence Divergence (MACD)  Line 2 is calculated as the difference between moving average convergence divergence (MACD) indicator and signal line. A signal line is a 9 day exponential average of MACD line 1.

A positive MACD line 2 value occurs when MACD line 1 value is greater than signal line value. There can be different interpretations of this value depending upon the absolute value of the MACD line 1. For example, if the MACD line 1 has a positive value, it means the stock is in uptrend. In this case, a positive line 2 value would mean a strong uptrend and a negative line 2 value would mean a weak uptrend. If the MACD line 1 has a negative value, it means the stock is in downtrend. In this case, a positive line 2 value would mean a weak downtrend and negative line 2 value would mean a strong downtrend.