Some StockRank feature releases for the weekend
This is just a small announcement about a couple of incremental feature improvements on the website relating to the StockRanks. We are planning on rolling out a complete feature area based upon the StockRanks within a month or so, which will include the live tracked results of StockRank performance over the UK, Europe and the USA since launch as well as a page to show the latest changes. This brief post is just a little something to whet your appetite.
(For those who don't know what the StockRanks are - check out this StockRanks Webinar.)
StockRank deltas now on StockReports
I've been wanting to show this information for some time. Which direction are each of the StockRanks moving? At the top right of every StockReport you'll see the StockRank widget which contains the Quality Rank, Value Rank and Momentum Rank as well as the composite QVM StockRank. There now appear the occasional red or green 'arrow' which show the latest movement of the rank.
In order not to overwhelm with arrows we've set this feature to only print on the page if the Rank has moved by plus or minus 5 over the last 30 days. This gives a good indication of recent StockRank movement without being too noisy.
You can hover over the arrow and see by how much the StockRank has changed over that time frame. The picture above is from the Soco International StockReport . It illustrates neatly how Value and Momentum can move in opposite directions at the same time without impacting the overall StockRank. Soco has got 'cheaper' but the stock has plunged to newer lows on the oil price collapse. Personally I find these deltas to be helpful with decision making and I hope subscribers find them useful.
ChartSignals + StockRanks == awesome
As many subscribers will know, Technical Analysis has not been our core focus since we launched. But we have strong ambitions in this area which will become much clearer over the next 24 months. The intersection between Fundamental and Technical Analysis is where some of the best stocks lie and somewhere we need to explore in much more detail for active traders.
The ChartSignals tab (Toolbox > ChartSignals) is a useful site area for those looking for ideas - it shows stocks breaking up and breaking down according to some commonly used technical indicators like new highs/lows and golden/death crosses. But with the addition of the StockRank on every item it's now even easier to zero in on stocks that have fundamental as well as technical backing. Check out the link above to browse.
There's clearly a lot of scope to improve ChartSignals - so if you've got ideas please do ping the team using the Green button to the right.
Before the end of February we'll be launching the new 'ranks' tab at the top of the website. It's long overdue and I hope will become a very useful resource. Keep letting us know about feature requests. The team here is working incredibly hard building Stockopedia version 2 - which will be far more mobile / tablet friendly as well as much, much quicker. In the meantime though we won't stop developing the current website so keep the ideas coming.
Safe Investing !
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4 comments
Hi Ed,
As you probably know from my twitter stream I am a primarily a technical trader who uses Stockopedia's fundamental edge to compliment my trading decisions.
A few suggestions for you off the top of my head:
1. Making the current list of chart signal screenable and therefore downloadable would be of huge benefit to myself. Currently I have to use other providers to screens for these signals, download them and then cross reference them with my other Stockopedia screens before arriving at a defined list of stocks to put on my watchlist. The process is quite laborious and somewhat time consuming. If you could bring introduce the ability to screen for chart signals it would be a huge thumbs up from me.
2. Another improvement would be the ability to include customisable TA indicators and make them screenable. I often use the RSI and Stochastic oscillators to time my entries but like to use custom settings. If you could introduce this to your charts section and make the criteria screenable it would be another huge benefit to myself.
3. Adding the ability to draw trend lines on the charts and use other technical tools such as Fibonacci retracements and extensions would be great. I currently use other desktop software to analyse my charts whilst in the office but to be able to quickly analyse charts simply on the website, for example whilst I'm away from my office, would be very beneficial.
If you would like to consult further about any ofthe above suggestions for future developmentsplease do dropme a line.
Keep up the great work
I like the addition of enhanced charts to the package. i also like the fact that you don't charge extra for it unlike some platforms who charge £ 30 unless you trade more than 3 times month. Obviously Im not suggesting you increase the subscription price and do think you will make even more friends with this enhanced service. I like the deltas too. Great idea as I've often wondered ref previous direction of the indicators.
As a member of the society of technical analysts zzzzz I find the combination of Technicals and Fundamentals incredibly powerful. Great work Ed
Hi Ed - For me the one 'elephant-in-the-room' with Stockopedia is the lack of decent charts. Fully featured Tradingview charts, for example, would make the site complete in my view and I am sure would attract those who combine technical techniques with the fundamentals. I have yet to find anything that compares with Forex platforms and I am sure it would be of benefit to the site in attracting others like me.
Great fundamental stuff though.
Hi Ed, I spotted the 'deltas' yesterday and wondered when they had appeared.
Excellent addition. Keep up the good work.