“An investment in knowledge always pays the best dividends.” Jack Bogle, Vanguard
When we launched, the Trend History feature included days trending from 20 to 200 business days.
We have had numerous members ask to see stocks trending with shorter time frames.
One of the great things about being part of this Community is that your requests go straight to top, right to the guy that can make it happen! So, we got to work.
Therefore, we are very happy to announce that, not one, not two, but 3 new Days Trending have been added to your selections!
The three new trend lengths are 5 days, 10 days, and 15 days.
These new lengths might provide early indications that a stock’s price has started to move in the right direction.
Some members want to use these short duration trends as early indicators and begin to follow the stock.
Or add it to their Watch List and let the Trending Stocks application do the watching for them. This can be especially useful if you’ve been waiting for a particular stock to move.
Remember, this is end of day information not day trading.
We do not encourage investors to make investment decisions based on these very short time frames due to two factors.
First, the length of the trend is really too short to make a good determination of its strength and sustainability. It could be a spike and not an early trend.
Second, if the stock is actually a new entry into the market place, a recent IPO, we will only have five to fifteen days of history.
There may be too few data points to adequately analyze and calculate reasonably accurate trading volume, volatility and stop loss positions.
In calculating Days Trending, we look for trends that are established over a period of time. We are working to identify trends not predict them. To that end, we identify trends from 20 to 200 business days.
Why is this important?
Some investors are conservative and want to see that a stock’s trend is solidly established and therefore want to see longer time frames.
On the other hand, there are investors who are looking for the early possible indicators, e.g., 5, 10, 15 days, that a stock may be starting to establish a trend in order to take advantage of these potential opportunities.
Here is a graph of 10 Day Trend for Faraday Future Intelligent Electric Inc (FFIE) on July 15, 2022.
Needless to say, there is increased risk to be managed in that scenario.
We do not make investment decisions for our members.
We provide as much information as possible to help them make their investment decisions and manage risk based on their individual risk tolerance.
When our members tell us they want or need additional information to help make those decisions, we listen.
Then do our best to go to the drawing board and build it in to the Platform to make it even richer and more robust!
We are delighted that Members were willing to reach out and ask for this additional feature and even more delighted that we could fulfill that request.
Our reason for being is to help investors grow wealth and manage risk.
To get the former, you must do that latter!
Always, “Ride Your Winners and Cut Your Losses”.
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