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technical_indicators:sctr [2023/06/30 21:41] jayanthi [Short-Term Indicators] |
technical_indicators:sctr [2023/06/30 21:42] jayanthi [Conclusion] |
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| - | ===== Using SCTR ===== | + | ===== Navigating and Customizing SCTR's Functionalities ===== |
| The StockCharts Technical Rank feature can be accessed from the [[https://stockcharts.com/freecharts/sctr.html|SCTR Reports page]]. Once on the page, users can choose their stock universe. Chartists can also choose between end-of-day and intraday. End-of-day is based on the most recent daily close, while intraday is based on price levels at that particular point in time. Indicators, such as the 14-day RSI and the 200-day Moving Average, are based on those same price levels. | The StockCharts Technical Rank feature can be accessed from the [[https://stockcharts.com/freecharts/sctr.html|SCTR Reports page]]. Once on the page, users can choose their stock universe. Chartists can also choose between end-of-day and intraday. End-of-day is based on the most recent daily close, while intraday is based on price levels at that particular point in time. Indicators, such as the 14-day RSI and the 200-day Moving Average, are based on those same price levels. | ||
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| - | ===== Conclusion ===== | + | ===== The Bottom Line ===== |
| The StockCharts Technical Rank (SCTR) separates the wheat from the chaff. Relative strength is an important part of a successful trading or investing strategy. Based on the wisdom of John Murphy, SCTR allows chartists to compare the technical strength of one stock against all the stocks in its peer group. Chartists can also group stocks according to the technical rank. Stocks in the top 30% will have a technical rank of 70 or higher. Chartists can then focus on these relatively strong stocks for potential long positions on pullbacks. Conversely, chartists can use the technical rank to avoid weak stocks, such as those with a technical rank below 40. As far as new trends emerging, chartists can look for stocks with technical ranks moving out of the middle zone (40-60). A move above 60 would show relative strength improving, while a move below 40 would show an increase in relative weakness. As with all technical tools, SCTR should be used in conjunction with other aspects of Technical Analysis. | The StockCharts Technical Rank (SCTR) separates the wheat from the chaff. Relative strength is an important part of a successful trading or investing strategy. Based on the wisdom of John Murphy, SCTR allows chartists to compare the technical strength of one stock against all the stocks in its peer group. Chartists can also group stocks according to the technical rank. Stocks in the top 30% will have a technical rank of 70 or higher. Chartists can then focus on these relatively strong stocks for potential long positions on pullbacks. Conversely, chartists can use the technical rank to avoid weak stocks, such as those with a technical rank below 40. As far as new trends emerging, chartists can look for stocks with technical ranks moving out of the middle zone (40-60). A move above 60 would show relative strength improving, while a move below 40 would show an increase in relative weakness. As with all technical tools, SCTR should be used in conjunction with other aspects of Technical Analysis. | ||