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Stockscores.com applies a score to every stock on North America's major stock exchanges. These scores are updated
throughout the market day, and are based upon the trading activity of each security. The Stockscores School offers an
education on how to use the tools available at Stockscores.com, and the Stockscores Strategy area provides numerous
strategies for finding trading and investment opportunities. Our Stockscores Market Scan provides numerous technical
analysis filters to help you find the stocks that will be the winners of tomorrow (During market hours - a weighted
estimate of the daily volume is used).
If you require further assistance, please contact help@stockscores.com.
The Stockscores.com Quick Report uses the Stockscores.com technical analysis model to gauge the condition of a stock according to its recent trading activity. For stocks with 200 days of trading history, Stockscores.com is able to calculate a score from 1 - 100.
The Stockscores.com scoring model is proprietary and the specifics of it are not released to the public. Generally, the model is based on popular theories and indicators common to technical analysis.
In addition to an overall technical score, Stockscores.com provides a Bullish/Neutral/Bearish rating for each of the key technical analysis indicator components; Price Indicators, Volume Indicators and Momentum Indicators. These can also be useful for gauging overall technical strength or weakness.
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How to Use The Stockscores.com Scoring Model
The Stockscore is a filter, a powerful tool to find opportunities in the market. By utilizing this
tool, investors can find stocks with good potential and then apply basic
technical analysis theories of chart recognition to further filter down to
quality short term trading opportunities.
As a basic rule, we want to only consider stocks that have a Signal Stockscore (the raw Stockscore) of
greater than or equal to 80, and a Smoothed Stockscore (a moving average of the
raw Stockscore) of greater than or equal to 60. However, there are some
conditions that need to be kept in mind:
- Most stocks that enjoy good up trends will meet these criteria early in their up trend.
- Not all stocks that fit these criteria will be good opportunities.
- Stocks that are well in to their up trends may still meet these criteria, but the risk of entry is too significant as the opportunity has already passed.
When we use the Market Scan tool of Stockscores.com to find stocks with Stockscores of greater than or
equal to 80 and Smoothed Stockscores of greater than or equal to 60, the scan
results will reveal a number of stocks. Some will be good opportunities, but
most will either be opportunities already missed or situations worth monitoring
but not yet appropriate.
We must visually inspect the charts of the stocks that the scan reveals to make the decision on whether
it is an appropriate opportunity. We mostly want to look for stocks that are breaking from optimistic consolidation patterns and through resistance.
Once we have entered a stock, we maintain our position so long as the stock closes above its support
level. We move the support level upward according to theories of Candlestick
charting and periods of consolidation. If the stock closes below the support
level, we must exit the position even if we are doing so at a loss, as this
will ensure that losses are kept small and profits are locked in.
For more information on the Stockscores.com rating model, and how to use it, see the individual essays in the School and Strategy areas of the Stockscores.com website.
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