RE: Stage Analysis Beginners Questions
(2021-06-07, 03:57 PM)fabi470 Wrote: Hi all,From what I've read in the forum so far, I think Isatrader does factor in the SCTR score by looking for the sectors and industries whose scores have increased in the last recent weeks. Of course, the sector should be in a stage 2 uptrend
I am curious about how to find the best sectors/groups. I saw, that stockcharts.com offers a free service, where you can find all 11 sectors. If i understood right, David, you dont look at the SCTR score (which is the Relative Strength Score, i guess), you are looking at each sector etf and determine if it is in stage 2/ breaking out into stage 2. Is that correct? And do you dont "respect" the SCTR score at all?
Quote:If one found the top 2-3 secotrs, one should search for the best groups in the sector. I couldnt find that on stockcharts.com, so i guess this is a paid service?Here's the link to the different industry groups within each sector https://stockcharts.com/freecharts/indus....html#&t=T
You can click on each industry group and see the individual stocks within each group
Quote:If the Relative Strength score of a sector DOES play a (important) role: what determines the Relative Strength? The performance (e.g. in the last 3months or 6 months), the eps strength or maybe the sales strength of a sector?
Here's a link that explains in detail how the SCTR score is calculated https://school.stockcharts.com/doku.php?...ators:sctr
I'm no expert, buy I hope this helps. Isatrader, please feel free to correct/elaborate on my answers, I'm here to learn as well