StocksMonkey Trend Rank (SMTR)

Stock trends reveal the direction a stock is moving, and one way investors try to ride the wave of those movements is by using moving averages. These tools smooth out daily price swings to show the bigger picture — whether a stock is steadily climbing, falling, or staying flat. For example, a simple moving average (SMA) calculates the average stock price over a set number of days

The position of moving averages relative to each other and also of stock price vs key moving averages can help to identify stocks that are in strong trends ie. those we may want to jump aboard, or are signalling a potential trend shift.

We can use them to better understand market momentum and make more informed decisions.

The StocksMonkey Trend Rank (SMTR) uses a weighted average of several short and medium term SMA pairings to help identify stocks that are strongly trending upwards or downwards. We calculate a total weighted value for each stock and then compare each stocks value to create an easily usable rank between 0-99.

• Values of 80 and more generally demonstrate stronger upward trending stocks.
• Values of 20 and less generally demonstrate stronger downward trending stocks.

Of course this is just one of the tools that you would use to help create a narrowed list of stocks for your further analysis.