Here’s a breakdown of our Chart Analysis Scores.
New 1 Week High: These are charts making new one week highs.
New 1 Week Low: These are charts making new one week lows.
New 3 Week High: These are charts making new three week highs.
New 3 Week Low: These are charts making new three week lows.
New 4 Week High: These are charts making new four week highs.
New 4 Week Low: These are charts making new four week lows.
New 52 Week High: These are charts making new 52-week highs.
New 52 Week Low: These are charts making new 52-week lows.
Strong DMA Trends: These are charts showing very strong trend patterns, with daily moving averages recently increasing over past performance (10dma > 20dma > 50dma).
Weak DMA Trends: These are charts showing very weak trend patterns, with daily moving averages recently decreasing under past performance (10dma < 20dma < 50dma).
Chart Analysis +100: These are charts showing very strong uptrend patterns, with a Chart Analysis Score of +100.
Chart Analysis -100: These are charts showing very strong downtrend patterns, with a Chart Analysis Score of -100.
Long-Term Up: These are positive longer-term charts, with a Chart Analysis Score of +90. Look for these markets to remain firm in a strong uptrend.
Long-Term Down: These are negative longer-term charts, with a Chart Analysis Score of -90. Look for these markets to remain weak and in a strong downtrend.
Short-Term Up: These charts are showing short-term counter trends, with a Chart Analysis Score of -85. Look for longer-term negative trends to resume when the action is over.
Short-Term Down: These charts are showing short-term counter trends, with a Chart Analysis Score of +85. Look for longer-term positive trends to resume when the action is over.
Near-Term Weakness: These charts are showing some near-term weakness, with a Chart Analysis Score of +75. However, these markets remain in the confines of a longer-term uptrend.
Near-Term Rally: These charts are showing some near-term rallying power with a Chart Analysis Score of -75. However, these markets remain in the confines of a longer-term downtrend.
Weak Up: The positive longer-term trend is weakening with a Chart Analysis Score of +65. The market action could signal the start of a major trend change.
Weak Down: The negative longer-term trend is weakening with a Chart Analysis Score of -65. The market action could signal the start of a major trend change.
Crossroads Up: The current upward trend is at a crossroads and has possibly ended. Look for choppy trading action in the near term with a Chart Analysis Score of +60.
Crossroads Down: The current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the near-term with a Chart Analysis Score of -60.
Sidelines: These are charts with a counter-trend rally underway, showing a Chart Analysis Score of +/-55. The current trend could be changing and moving into a trading range.
Trading Range: These are charts indicating that the trend for these markets is at a crossroads and is showing a Chart Analysis Score of +/-50. Look for choppy trading conditions in the near term
