(Weekly) Stock Screener: SuperTrend and MACD | January 22

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 SuperTrend and MACD, two of the most used tools.

The 4 trading signals / chart patterns considered in this article are the following:

  • Positive Trend:
    SuperTrend: Bullish Reversal
    MACD: Bullish Reversal
  • Negative Trend:
    SuperTrend: Bearish Reversal
    MACD: Bearish Reversal

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. SuperTrend: Bullish Reversal
contains the 20 largest companies by market capitalization where the SuperTrend showed a Bullish Reversal.

3. SuperTrend: Bearish Reversal
contains the 20 largest companies by market capitalization where the SuperTrend showed a Bearish Reversal.

4. MACD: Bullish Reversal
contains the 20 largest companies by market capitalization where the MACD showed a Bullish Reversal.

5. MACD: Bearish Reversal
contains the 20 largest companies by market capitalization where the MACD showed a Bearish Reversal.

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:
    SuperTrend: Bullish Reversal
    MACD: Bullish Reversal
  • Negative Trend:
    SuperTrend: Bearish Reversal
    MACD: Bearish Reversal

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. SuperTrend: Bullish Reversal

The SuperTrend is a trend-following indicator that indicates the potential start / continuation of a trend and is built to take volatility into account, in fact the ATR (Average True Range) of the last 7 days is used with a multiplier equal to 3 to complete the formula.

When the price of a stock rises above the SuperTrend value it is possible that a positive trend begins / continues (Bullish Reversal).

Example: SuperTrend Bullish Reversal

The following image shows the 20 stocks with the largest market capitalization among those where the SuperTrend showed a Bullish Reversal.

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3. SuperTrend: Bearish Reversal

The SuperTrend is a trend-following indicator that indicates the potential start / continuation of a trend and is built to take volatility into account, in fact the ATR (Average True Range) of the last 7 days is used with a multiplier equal to 3 to complete the formula.

When the price of a stock falls below the SuperTrend value it is possible that a negative trend begins / continues (Bearish Reversal).

Example: SuperTrend Bearish Reversal

The following image shows the 20 stocks with the largest market capitalization among those where the SuperTrend showed a Bearish Reversal.


4. MACD: Bullish Reversal

This subsection focuses on the trading signal / chart pattern which refers to the potential start/continuation of a positive trend and is identified with the MACD crossed above the Signal line (Bullish Reversal).

The MACD (Moving Average Convergence Divergence) is the difference between a shorter-term (12-week) and a longer-term (26-week) exponential moving average. Instead the Signal line is given by the 9-week exponential moving average of the MACD.

Therefore, when the MACD crossed above the signal line (and therefore its moving average) a signal is generated that determines the start/continuation of a potential positive trend.

Example: MACD Bullish Reversal

The following image shows the 20 stocks with the largest market capitalization among those where the MACD crossed above the Signal Line (Bullish Reversal).


5. MACD: Bearish Reversal

This subsection focuses on the trading signal / chart pattern which refers to the potential start/continuation of a negative trend and is identified with the MACD crossed below the Signal line (Bearish Reversal).

The MACD (Moving Average Convergence Divergence) is the difference between a shorter-term (12-week) and a longer-term (26-week) exponential moving average. Instead the Signal line is given by the 9-week exponential moving average of the MACD.

Therefore, when the MACD crossed below the signal line (and therefore its moving average) a signal is generated that determines the start/continuation of a potential negative trend.

Example: MACD Bearish Reversal

The following image shows the 20 stocks with the largest market capitalization among those where the MACD crossed below the Signal Line (Bearish Reversal).

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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.