Golden Crosses Stock Screening Question

13th Feb '21 by ricardomontalban

7 comments 1170 reads

I have used stockopaedia to create a "golden cross" screen using the model suggested in the charting section. (50dMa/200dMa>200%, rank of 50dMa/200dMa%>95).

This has produced 12 results: Kr1 (OFEX:KR1) Wishbone Gold (LON:WSBN) Zoetic International (LON:ZOE) Braveheart Investment (LON:BRH) Argo Blockchain (LON:ARB) All Active Asset Capital (LON:AAA) Anglesey Mining (LON:AYM) (LON:AFC) Rainbow Rare Earths (LON:RBW) Panthera Resources (LON:PAT) European Metals Holdings (LON:EMH) Eqtec (LON:EQT) £AFCenergy

However - for Eqtec (LON:EQT) Wishbone Gold (LON:WSBN) Rainbow Rare Earths (LON:RBW) and Panthera Resources (LON:PAT) the cross hasn't actually formed (50dMA approaching 200dMa but hasn't crossed it) - have I built this screen wrong or am I misinterpreting the golden cross? I thought it occurred when 50dMa became greater than 200dMa?

Very grateful for any advice.

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gus 1065

13th Feb '21

If you toggle into the old version of Stockopedia there are a number of Chart Signal screens available including one for Golden Crosses which seems to generate a selection of stocks that appear to be at this sweet spot, e.g. San Leon Energy (LON:SLE) . Go to <Tools> then <Chart Signals> in the menu on the top row.

https://www.stockopedia.com/ch...

At first glance, however, this looks to be a different selection to the one your own screen generated.

Gus.

Rusty2

Not sure which charts you are looking at but on the ones I checked the 50d was way higher than the 200d, for £ETQ and Wishbone Gold (LON:WSBN).

Are you using the 1 year chart? I only use the old site.

You should be picking shares such as BP (LON:BP.) Serabi Gold (LON:SRB) and Anglo Pacific (LON:APF).

Your formula looks incorrect, why > 200%?

ricardomontalban

Thanks,

I based the screening formula on this page https://www.stockopedia.com/le...

It recommends using a 50mDa/200mDa of 100 or 200%

How do you get to the old site? - I clicked on the link gus1065 posted below but it just loaded another window with this site on it - not the old one.

Richard

PLS1nve5t

14th Feb '21

I think it depends when you signed up - us old timers get the option to switch back ....

The old Luddites seem to prefer the old site.....

Sorry - wasn’t aware old site access wasn’t accessible to all subscribers. Here is a screen shot of what you may be missing from the old site offering. My default preference is to use the new site but there are quite a few features of the old site that are not readily available such as the chart signals that I dip into occasionally. I’m not really a Luddite (although my teenage kids are much amused by my non-Smart pay-as-you-go mobile!).

Only older members can access the old site.

Your formula, try > 100% that should work.

Thanks all - very grateful for the advice.

Golden Crosses Stock Screening Question

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Ricardomontalban

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