While the discipline of technical analysis has been around for decades, it also carries with it a sea of criticism. In particular, any chart can look like anything if you’re creative enough – it’s Wall Street’s version of the Rorschach test. However, the Barchart “Long Term 100% Buy Signals” screener cuts through the noise and gives you the most compelling ideas.
Per the website, “[t]his screener finds bullish stocks that have sustained a 100% Overall Buy Signal (the combination of all 13 technical indicators that make up the Barchart Opinion) for over 1 month.” The assessment is based on Barchart’s algorithms that have detected short, medium and long-term indicators that point to a bullish outlook.
