Inside this article you find companies that show a buy signal of reverse of the trend according to SUPERTREND, a well-known indicator that is based on volatility to establish the presence or inversion of a trend.
What is the Supertrend?
The supertrend is a useful indicator for determining the presence of a trend in a financial instrument.
It is calculated by applying a volatility indicator (10-day Average True Range multiplied by a parameter of 3) to the average price of the trading session.
SUPERTREND – Potential Signals of Trend Reversal
The supertrend indicator applies directly to the price chart and indicates the presence of a positive trend if the line is green and is below the prices. On the contrary, it indicates the presence of a negative trend if the line is red and is above the prices.
Below the companies that today have shown a positive signal of reversal of the recent negative short-term trend and are ready to follow the underlying positive trend (the supertrend has gone from above to below prices, going from red to green).
None of the patterns below guarantee success because there may be false buy signals. The purpose of this analysis is purely informative.
Lululemon Athletica Inc (LULU)
Chipotle Mexican Grill (CMG)
Uber Technologies Inc (UBER)
Fortinet Inc (FTNT)
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This analysis shows the trend reverse signal from the SUPERTREND indicator. If you are interested in the other types of chart patterns click here.
If you are interested in a overall analysis of companies taking into account different types of data (including business growth, analysts expectations and transactions by Hedge Funds / Insiders), summarizing all information in a score, I’ m waiting for you here for my Score-Card analysis.
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DISCLAIMER: The information in this blog post represents my own analysis/opinions and does not contain a recommendation for any particular security or investment. Stocks trading involves substantial risk of loss and is not suitable for every investor. Trade responsibly.