Click here for more information on Barchart Opinion and Trading Signals.
The New Recommendations page is a complete guide of today's Barchart Opinions. The Summary Page links to a detailed page for each Indicator's Buy/Sell/Hold rating. Barchart Opinions show traders what a variety of popular trading systems are suggesting in terms of going long or short the market.
The top of the Summary page provides links to the stocks that are at a 100% Buy or a 100% Sell Opinion. Click on the number to get the full list of stocks.
The remainder of the page — Today's New Indicators — contains the listing of stocks whose indicators have changed to a new Buy, Sell or Hold signal for the time period selected at the top of the Summary page. Each of the indicators have a subset of stocks, which can be accessed by clicking on the number for each of the indicator's signal.
Note: Opinions on each symbol are updated every 20 minutes throughout the day, using delayed data from the exchanges. A security needs to have at least 201 active trading days in order to generate an Opinion reading.
What's Included
For all markets: To be included in the Signals Upgrade or Downgrade page, the stock must have traded today, with a current price between $2 and $10,000 and with a 20-Day average volume greater than 1,000. A Stock must have an Opinion and a last month's Opinion.
For the U.S. market, a stock must be listed on the NYSE, NYSE Arca or Nasdaq exchange, excluding ETFs, unit investment trusts, closed end funds, warrant stocks, preferred securities and any non-SIC classified stock. OTC-US stocks have to be trading above $0.25 and have a (daily volume * last price) above 10,000. For the Canadian market: a stock must be listed on the TSX exchange, excluding unit investment trusts, closed end funds, warrant stocks, preferred securities and any non-SIC classified stock.
Time Frames
There are four time frames to choose from, found in the data table's toolbar:
- Current - The list of stocks to display on the Current page is updated every 10 minutes throughout the trading day. Stocks are not automatically added or removed from the Summary page until the site performs its 10-minute update.
- Daily - The list of stocks to display on these pages is updated once a day at approx. 8pm EST. Opinions for each indicator were calculated using the closing data from the previous trading session.
- Weekly - The list of stocks to display on these pages is updated once a day at approx. 8pm EST. Opinions for each indicator were calculated using the closing data from the week starting Monday. Each indicator uses a number of data points to calculate the opinion. In this case, weekly data points are used.
- Monthly - The list of stocks to display on these pages is updated once a day at approx. 8pm EST. Opinions for each indicator were calculated using the closing data from the month starting on the first. Each indicator uses a number of data points to calculate the opinion. In this case, monthly data points are used.
About Barchart Opinions
The Opinions takes up to 2 years' worth of historical data and runs these prices through thirteen different technical indicators. After each calculation, the program assigns a buy, sell or hold value for each study, depending on where the price lies in reference to the common interpretation of the study. For example, if the price is above the moving average of the stock then this is generally considered an upward trend or a buy.
