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 Exponential Moving Averages, one of the most used tools.
Exponential moving averages are used instead of simple ones due to their characteristic of giving greater weight to the most recent prices so as to be more reactive, since weekly data are used which by their nature are less reactive than daily data. From this point on, the term Exponential Moving Average will be shortened to EMA.
The 4 trading signals / chart patterns considered in this article are the following:
- Positive Trend:
5-week EMA crossed above 10-week EMA
5-week EMA crossed above 30-week EMA - Negative Trend:
5-week EMA crossed below 10-week EMA
5-week EMA crossed below 30-week EMA
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.
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. 5-week EMA crossed above 10-week EMA
contains the 20 largest companies by market capitalization where the 5-week exponential moving average crossed above the 10-week exponential moving average.
3. 5-week EMA crossed below 10-week EMA
contains the 20 largest companies by market capitalization where the 5-week exponential moving average crossed below the 10-week exponential moving average.
4. 5-week EMA crossed above 30-week EMA
contains the 20 largest companies by market capitalization where the 5-week exponential moving average crossed above the 30-week exponential moving average.
5. 5-week EMA crossed below 30-week EMA
contains the 20 largest companies by market capitalization where the 5-week exponential moving average crossed below the 30-week exponential 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:
5-week EMA crossed above 10-week EMA
5-week EMA crossed above 30-week EMA - Negative Trend:
5-week EMA crossed below 10-week EMA
5-week EMA crossed below 30-week EMA
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. 5-week EMA crossed above 10-week EMA
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 5-week exponential moving average crossed above the 10-week exponential moving average.
When a shorter-term moving average crossed above a longer-term moving average, a signal is generated indicating the potential start of a positive trend. In this section, the short-term moving average is the 5-week moving average while the longer-term moving average is the 10-week moving average.
The following image shows the 20 stocks with the largest market capitalization among those where the 5-week exponential moving average crossed above the 10-week exponential moving average.
Are you a member? Login
3. 5-week EMA crossed below 10-week EMA
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 5-week exponential moving average crossed below the 10-week exponential moving average.
When a shorter-term moving average crossed below a longer-term moving average, a signal is generated indicating the potential start of a negative trend. In this section, the short-term moving average is the 5-week moving average while the longer-term moving average is the 10-week moving average.
The following image shows the 20 stocks with the largest market capitalization among those where the 5-week exponential moving average crossed below the 10-week exponential moving average.
4. 5-week EMA crossed above 30-week EMA
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 5-week exponential moving average crossed above the 30-week exponential moving average.
When a shorter-term moving average crossed above a longer-term moving average, a signal is generated indicating the potential start of a positive trend. In this section, the short-term moving average is the 5-week moving average while the longer-term moving average is the 30-week moving average.
The following image shows the 20 stocks with the largest market capitalization among those where the 5-week exponential moving average crossed above the 30-week exponential moving average.
5. 5-week EMA crossed below 30-week EMA
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 5-week exponential moving average crossed below the 30-week exponential moving average.
When a shorter-term moving average crossed below a longer-term moving average, a signal is generated indicating the potential start of a negative trend. In this section, the short-term moving average is the 5-week moving average while the longer-term moving average is the 30-week moving average.
The following image shows the 20 stocks with the largest market capitalization among those where the 5-week exponential moving average crossed below the 30-week exponential moving average.
Exclusive Content
for Members
Are you a member? Login
If you are NOT a member keep reading!
EVERYTHING
YOU NEED
FOR YOUR TRADING
In BullDude.com Membership you will find exclusive content in one place:
Find out every day which Stocks and Crypto show the best Chart Patterns and Trading Signals.
Find out how the stocks identified by the stock screener have performed in the past every time the same chart patterns and trading signals appeared.
We will provide useful Rankings to identify the best strategies.
Access all this valuable information every day, with a simple click.
Discover the Stocks that show the best Breakout Chart Patterns.
Resistance Breakout, Trendline Breakout and Potential Breakout.
Access the exclusive Trend Analysis on the Top 150 Stocks and Top 50 Crypto.
Find out the direction, strength and trend change of top stocks like Apple and top Crypto like Bitcoin.
Updates every day.
Find out about stocks with growing Key Business Data and estimates of further future growth.
Discover the analysis on the most anticipated stocks that are about to release the Earnings Reports.
What are you waiting for?
Access hundreds of exclusive content with the BullDude.com Membership
* Up to 16% OFF
* From $ 3.80 per Week
* Satisfied or Refunded
* Cancel at any time
Exclusive Categories
BullDude.com Membership gives you access to the following 6 categories of exclusive content:
Screener
This category allows you to learn about stocks that show the best chart patterns and trading signals divided into 4 categories:
- Moving Average Breakout:
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.
Go to Screener category.
Backtest
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
The results of the backtest are provided in the form of Rankings to immediately identify the best performing strategies. However, it is possible to download a report containing the results of the backtest with the details of all the stocks analyzed.
Go to Backtest category.
Chart Patterns
This category gives you access to the best stocks showing the best Breakout Chart Patterns. In particular, you will find:
- Resistance Breakout
- Trendline Breakout
- Potential Breakout
Go to Chart Patterns category.
Trend Analysis
This category gives access to exclusive content published every day that allows you to know, through summaries and rankings, the direction, strength and moments of change in the trend of the 150 Top Wall Street stocks and 50 Top Crypto.
Find out every day which of the 150 Top Wall Street stocks (from Apple to Tesla) and which of the 50 Top Crypto (from Bitcoin to Ethereum) are in a strong positive or negative trend and which are reversing the trend in the short, medium and long term.
Go to Trend Analysis category
Stock Analysis
This category allows you to discover every week the key data of various interesting stocks from a business point of view, therefore revenue in strong and constant growth, the ability to produce profits at the end of the year and to grow over time.
Go to Stock Analysis category
Earnings Reports
This category allows you to access an analysis of the most anticipated companies that are about to release the earnings report in terms of expected earnings growth and other key data. In addition, an analysis of the released results is published at the weekend.
Go to Earnings Reports category
What are you waiting for?
Access hundreds of exclusive content with the BullDude.com Membership
* Up to 16% OFF
* From $ 3.80 per Week
* Satisfied or Refunded
* Cancel at any time
What are you waiting for?
Access hundreds of exclusive content with the BullDude.com Membership
* Up to 16% OFF
* From $ 3.80 per Week
* Satisfied or Refunded
* Cancel at any time
Everything You Need For Your Trading
In BullDude.com Membership you will find exclusive content in one place:
👉 Screener and Backtest
👉 Chart Patterns
👉 Trend Analysis
👉 Key Business Data
👉 Earnings Reports
* Up to 16% OFF
* From $ 3.80 per Week
* Satisfied or Refunded
* Cancel at any time
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.