This analysis has the function of Stock Screener because it allows you to identify the stocks that showed one of the 4 trading signals / chart patterns that identify the potential start/continuation of a positive/negative trend using Moving Averages, one of the most used tools.
The 4 trading signals / chart patterns considered in this article are the following:
- Positive Trend:
Price crossed above 20-week Moving Average
Price crossed above 50-week Moving Average - Negative Trend:
Price crossed below 20-week Moving Average
Price crossed below 50-week Moving Average
In this analysis the trading signals / chart patterns refer to the weekly stock prices and not to the daily ones. The weekly data allow you to better focus on the medium-long term trend without being influenced by the so-called “noises” typical of daily charts, or the volatility of the day-to-day fluctuations.
From this point on, the term Moving Average will be shortened to MA.
Table of contents
This article is divided into the following 5 sections:
1. Summary
contains the summary of how many stocks have been identified by the Stock Screener
2. Price crossed above 20-week MA
contains the 20 largest companies by market capitalization where the price crossed above the 20-week moving average.
3. Price crossed below 20-week MA
contains the 20 largest companies by market capitalization where the price crossed below the 20-week moving average.
4. Price crossed above 50-week MA
contains the 20 largest companies by market capitalization where the price crossed above the 50-week moving average.
5. Price crossed below 50-week MA
contains the 20 largest companies by market capitalization where the price crossed below the 50-week moving average.
For a matter of space only the rankings of the top stocks by market capitalization are included in this article and not the results of the all stocks resulting from the stock screener, therefore we recommend that you download the pdf report which contains more extensive rankings and all the results of the stock screener. The following image shows how the results of the stock screener appear in the pdf report. The data is not real but just an example.
The content of this article is for informational purposes only and in no case constitute an investment advice. To read the complete disclaimer click here.
1. Summary
This section aims to identify the stocks that showed one of the following 4 trading signals / chart patterns that identify the potential start/continuation of a positive/negative trend:
- Positive Trend:
Price crossed above 20-week MA
Price crossed above 50-week MA - Negative Trend:
Price crossed below 20-week MA
Price crossed below 50-week MA
The following image indicates with “Stocks Analyzed” the number of stocks that in the last trading session showed the 4 trading signals / chart patterns. The list with the names of the individual stocks is shown only in the pdf report and not below for a matter of space.
2. Price crossed above 20-week MA
This subsection focuses on the trading signal / chart pattern which refers to the potential start of a short / mid-term positive trend and is identified with the company’s price crossed above the 20-week moving average.
The following image shows the 20 stocks with the largest market capitalization among those where the price crossed above the 20-week moving average.
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3. Price crossed below 20-week MA
This subsection focuses on the trading signal / chart pattern which refers to the potential start of a short / mid-term negative trend and is identified with the company’s price crossed below the 20-week moving average.
The following image shows the 20 stocks with the largest market capitalization among those where the price crossed below the 20-week moving average.
4. Price crossed above 50-week MA
This subsection focuses on the trading signal / chart pattern which refers to the potential start of a mid / long-term positive trend and is identified with the company’s price crossed above the 50-week moving average.
The following image shows the 20 stocks with the largest market capitalization among those where the price crossed above the 50-week moving average.
5. Price crossed below 50-week MA
This subsection focuses on the trading signal / chart pattern which refers to the potential start of a mid / long-term negative trend and is identified with the company’s price crossed below the 50-week moving average.
The following image shows the 20 stocks with the largest market capitalization among those where the price crossed below the 50-week moving average.
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This category allows you to learn about stocks that show the best chart patterns and trading signals divided into 4 categories:
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stocks whose price has just crossed above/below a key moving average. - Moving Average Crossover:
stocks whose short-term moving average has just crossed above/below a longer-term moving average (including MACD). - SuperTrend:
stocks that have shown a bullish or bearish reversal in the SuperTrend indicator - New Highs and New Lows:
stocks that are showing a lot of strength/weakness by hitting new highs/lows in the short, medium and long term.
The crypto screener allows you to know the strongest crypto that are reaching new highs and the weakest crypto that are hitting new lows.
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This category allows you to access the results of a backtest conducted on the stocks identified by the stock screener with the goal to tell you how the stocks have performed in the past 20, 60 and 120 days after the same chart patterns or trading signal has appeared. In addition, the results of a simulated strategy with stop loss and take profit are provided.
For each stocks analyzed we are able to provide you with the following data:
- No. Trades:
how many times chart patterns / trading signals have appeared - Positive Trades:
the percentage of times the stock’s price has risen after it has appeared - Average Return:
how the stock price performed on average after it appeared - Total Return:
how much a portfolio would have earned if it had invested every time chart patterns have appeared in the past
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Data provided by Financial Modeling Prep
The content of this article is for informational purposes only and in no case constitute an investment advice. To read the complete disclaimer click here.
