Stock Technical Analysis
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1. What are the timeframes for "Short", "Intermediate" and "Long" Term used on the analysis page?
Stock analysis is performed over 30 (Short), 60 (Inter) and 120 days (Long) and then analyzed to come up with an overall analysis of the stock.
2. How is the technical analysis performed. What do the numbers and colors on the screen and analysis page mean?
A number of indicators are analyzed (EMA,MACD,RSI,etc.) to provide a normalized ranking for the indicators (+/- 1 where +1 is very bullish[Bold Green] and -1 is very bearish[Bold red]). These conditions can be viewed by clicking on the analysis links ( EMA, MACD,etc.)on the "chart indicators" table which is the second table down on the left of the page. StockTA tests a number of common and confidential conditions to provide weightings for each indicator covered. Alerts are generated when technically significant events are discovered (i.e Long term trend channel exists or has been broken, MACD crossover at 0, etc.).
The short, intermediate, long and overall analysis is the weighted averages of the indicators analyzed. It can be inferred that these weightings do correlate with success as stocks will continue to trend until the trend is broken. Strongly trending stocks will be near the extremes of +1 and -1, and our analytical tools allows us to find these trends early. The trend is your friend but watch out for fundamentals as they always rule the trade!
The support and resistance levels have confluence numbers (conf) to weigh the strength of each level. The higher the confluence the more significant as it shows the number of technical indicators pointing to the specific level as support/resistance. A good long entry point is one where the stock is in a very bullish pattern and retests support with a high confluence (>5+) and very little resistance above. These give high risk to reward trades and allows for excellent stops to be placed below the resistance levels.
3. What does "conf" mean next to the support and resistance levels. Why are the support and resistance lines different weight and color on the stock charts?
Conf. is short for confluence and refers to the strength of the support/resistance level. Further explanation of confluence can be found on the Fibonacci page
4. When is stock data updated?
Quotes are updated M-F from 5-7 PM. We are currently working on means of gathering intraday data for the site
5. What is the TDD and how is it calculated?
TDD is the three day displaced moving average. It is the three day moving average three days ago. Usually used as a trailing stop on winning trades and an excellent short term indicator (i.e is this a top?)
6. How are symbols added to the stock screener
When a user analyzes a symbol the results of the analysis are stored in our screen database. Our screen database gets dumped M-F at 4:45PM EST. By 7:30 PM EST the database usually contains >2000 symbols So screens run early after the trading session will have limited results. The more visitors StockTA.com receives the larger our screening database becomes. We are currently working on implementing a screen update script that will populate the screening database automatically.
7. What are the screening criteria for the predefined screens on the default screening page Click on the any of the screen and the screening criteria will be displayed above the results.
8. What do the various alerts mean
StockTA is totally free and we don't have any member services. You will be asked to sign up for a username/password combo to add stock picks to the site or to customize your viewing experience.
10.I'm getting an error message while viewing your site.
We have rebuilt our database on a SQL server when we moved the site to a dedicated server and database errors have decreased dramatically. If you do find an error we would love to hear about it, but we also frequently check our error logs to exterminate them. When you do report an error please provide the symbol and the page visited. Copying and pasting the url (http://www.stockta.com/cgi-bin/..) is extremely helpful to resolve these errors.
11. This site is great! How can I show my support
There is nothing more powerful than word of mouth on the internet! If you find StockTA.com to be a valuable (or not so valuable) tool then we encourage you to tell your friends and post honest (not spamfull) links to our site or contribute to online commentaries and web catalogs.
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12. How do we contact you for ideas, issues or concerns?
You can always contact us by sending an email to webmaster (at) stockta.com. We are also on social networks Twitter and Facebook and sometimes we will use these outlets to provide site updates and news.