StockCharts maintains and publishes the Bullish Percent Index for over a dozen indices and sectors. The Bullish Percent Index, or BPI, is a breadth indicator that shows the percentage of stocks on Point & Figure Buy Signals. There is no ambiguity on P&F charts because a stock is either on a P&F Buy Signal or P&F Sell Signal. The Bullish Percent Index fluctuates between 0% and 100%. In its most basic form, the Bullish Percent Index favors the bulls when above 50% and the bears when below 50%. BPI is also considered overbought when above 70% and oversold when below 30%.
Symbol Group: Bullish Percent Indices Publisher: StockCharts Update Frequency: End of Day (EOD).
These indicators are updated after the market close, usually by 6:00 PM ET. Current Symbols: Catalog link
StockCharts uses a three-step process to calculate the BPI indicators. First, StockCharts maintains component lists for these indices. Second, our scan engine uses these component lists to run scans based on the price data for the individual stocks. Third, the data is then updated and published to our website.
This “in-house” data may differ from other sources due to differences in the index components and price data. Index components change and require updates on a regular basis. Additionally, note that StockCharts uses dividend-adjusted data for its calculations, while other sources may use non-adjusted data.
StockCharts.com users can access an up-to-date list of symbols for all our Bullish Percent Indices. From this list, click the “Mentions” icon to the right of a specific symbol for more details about the symbol, as well as recent mentions in Public ChartLists, blog articles, and more.