Can you please tell me if there is a way of adding to my Folio Screen how to pick up the Analyst Consensus 'Strong Buys" when they first appear?
I have found using Stockopedia for some years now that their recommendations are very helpful in picking up shares with the potential to move positively. However finding these when they are first posted is, I find, difficult.
Thank you in advance.
John Nickell-lean
Hi John. Unfortunately the screen for broker consensus doesn't work properly due to a bug that has not yet been fixed. I have made a screen to work around this, which is successful, but only to a limited extent. If you would like the details then just let me know and I'll put them on here.
Thank you for this. If you could let me know how you have achieved this it would be much appreciated.
All the Best
John
OK John. First of all I have read what Stocko has to say on the subject. They say that the actual broker consensus itself is of little use because brokers tend to be too optimistic in their assessments. But they do say that the change in the broker consensus is more useful than the consensus itself in terms of predicting future share price performance. So I prefer to take more notice of the change. But, although Stocko allows you to screen for the change in broker consensus recommendations, it doesn't actually work like it is supposed to. So I have made the following screen which, to a limited extent, gets around the problem. Another thing to bear in mind is that, if we are looking for a swing to a stronger buy recommendation, that this is represented by a negative change in the number. Here is a link to my screen. https://www.stockopedia.com/screens/f-broker-consensus-828418?view=screen-view-171c75b44e4 I use it by first selecting the industry that I wish to look at. If there is a particular company that I want to look at, then I put into the screen the industry that the particular company is in. I've tried sorting it by the change in the Broker recommendation, but it won't work.
Also I have reported the problems with screening for the change in broker recs to Stocko, but so far they have been unable to fix it.
I haven't posted a link to one of my screens before, so I am not sure how that will go. Please let me know how you get on with it.
On the other hand, if you are only interested in one company, it looks like you can set up an alert for this. To do this, go to the Today page. Select create an alert (top right). Where it says "add new alert" then insert your company. Then select "new fundamental alert". From the menu on the left select "other" at the bottom. In the "search metrics" box insert "change" then select broker cons rec from the list. Then update. Then put in "less than" and "0" in the boxes. Then you should get an alert when broker consensus improves. Does anyone know whether this actually works? Hopefully it might work better than a screen for change in broker consensus, which does not work as it should.
Thank you so much for your help with this.
Watching the signal of a strong buy is a most interesting indicator of a change in sentiment which does seem to coincide with a rise in share price. Perhaps I have followed this closely enough but it is on the face of it worth pursuing further.
Again very many thanks for your help.
John
It is interesting when a stock has both strong analysts buy and strong sell recommendations - they cannot be both right and instinctively suspect a sharp price breakout upwards or downwards is likely
