Stock Trends: a guide to the indicators
Stock Trends symbols and indicator values are used to quickly and visually communicate the results of our moving average trend analysis.
Sample
Stock
Listing
MA Trend Symbols
Quick
Reference
Bullish
Trends
Bearish
Trends
Charting Trend
Counters
Relative
Strength
Indicator
Unusual
Volume
Indicator
Stock
Trends
Handbook
 

Trend Symbols – Quick Reference

Symbol Name Trend
Category
13-week MA
vs.
40-week MA
Current Price
vs
13-week MA
'Envelope'
Trading
implication
Bullish Crossover
(New Bullish)

Bullish
Intersected
(above)
Above
lower limit
(-3%)
Buy
(Strong) Bullish
Bullish
Above Above
lower limit
(-3%)
Buy
Weak Bullish
Bullish
Above Below
lower limit
(-3%)
Hold/Sell
Bearish Crossover
(New Bearish)

Bearish
Intersected
(below)
Below
upper limit
(+3%)
Sell
(Strong) Bearish
Bearish
Below Below
upper limit
(+3%)
Sell
Weak Bearish
Bearish
Below Above
upper limit
(+3%)
Monitor/Buy

The symbols are assigned to a stock based on the relationship of three values:
1. The stock’s Current Price (most recent Friday close).
2. The 40-week moving average price (40-week MA).
3. The 13-week moving average price (13-week MA). An envelope of +/- 3% around the 13-week MA is also used to determine the symbol applicable to each stock.

Each Trend Symbol falls into one of two Trend Categories – BULLISH or BEARISH, determined by the relationship of the 40-week and 13-week MA values.
If the 13-week MA is greater than (above) the 40-week MA, a stock is categorized as BULLISH. If the 13-week MA is less than (below) the 40-week MA, a stock is categorized as BEARISH.

Individual Trend Symbols are based on:
1. Whether the Trend Category has changed from the previous week, and
2. The relationship of the Current Price and an ‘envelope’ of plus/minus 3% around the 13-week MA value.

If the Trend Category has changed from the previous week (i.e. the 13-week MA has intersected the 40-week MA line), then the stock will be given either a Bullish Crossover or Bearish Crossover symbol - or . These are also referred to as “Newly Bullish” and “Newly Bearish” symbols, and are only shown in the 1st week of a Trend Category change. Once a stock has moved into a new Trend Category, in future weeks it will display one of the other two symbols (a solid or empty arrow) within the category until it changes to the other Trend Category.