How to find weak stocks

SYNA: Synaptics Inc.

While the market has been rallying, some stocks are not actively participating in this rally. If the market takes a bearish turn such weak stock might attract more sellers.
To find weak stocks in Telechart is easy. There are many ways to do this. One of the ways to do this is by using a Multiple Moving Average bearish scan
MMA Scan

Scan: XAVGC3 < XAVGC30 AND XAVGC5 < XAVGC30 AND XAVGC7 < XAVGC30 AND XAVGC10 < XAVGC30 AND XAVGC12 < XAVGC30 AND XAVGC15 < XAVGC30 AND XAVGC3 < XAVGC35 AND XAVGC5 < XAVGC35 AND XAVGC7 < XAVGC35 AND XAVGC10 < XAVGC35 AND XAVGC12 < XAVGC35 AND XAVGC15 < XAVGC35 AND XAVGC3 < XAVGC40 AND XAVGC5 < XAVGC40 AND XAVGC7 < XAVGC40 AND XAVGC10 < XAVGC40 AND XAVGC12 < XAVGC40 AND XAVGC15 < XAVGC40 AND XAVGC3 < XAVGC45 AND XAVGC5 < XAVGC45 AND XAVGC7 < XAVGC45 AND XAVGC10 < XAVGC45 AND XAVGC12 < XAVGC45 AND XAVGC15 < XAVGC45 AND XAVGC3 < XAVGC50 AND XAVGC5 < XAVGC50 AND XAVGC7 < XAVGC50 AND XAVGC10 < XAVGC50 AND XAVGC12 < XAVGC50 AND XAVGC15 < XAVGC50 AND XAVGC3 < XAVGC60 AND XAVGC5 < XAVGC60 AND XAVGC7 < XAVGC60 AND XAVGC10 < XAVGC60 AND XAVGC12 < XAVGC60 AND XAVGC15 < XAVGC60

This will give you stocks trading below their Multiple Moving Averages. To reduce the number of stocks from the scan you can use Dollar Volume above 25 million.
This will give you mostly large stocks which are not participating in this rally as of now.
The stocks showing up in this scan today are:
AAP
ACM
AGCO
AN
ATK
AUO
AZO
BCO
BG
BKC
BWA
CHL
CVH
DF
DGX
DNB
DNR
DSX
ENER
FCN
FDO
FPL
GLW
GNK
HCBK
INTU
IRM
KFT
KR
LH
MCO
MGA
MHP
MIR
MON
MYGN
NAV
OCR
ORLY
PBCT
PEG
POT
QCOM
RAH
RGC
SAH
SAI
SRCL
STP
SYNA
TTEK
UNH
URS
VZ
WMT
XOM
YUM

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2 comments:

Renu said...: HI,

you have given scan code as XAVGC3 < XAVGC30 and XAVGC5 < XAVGC30 ......so on ,plz tell what does this mean and why are you reapting xavg30 again n again.
Thanks; Sep 30, 2009, 1:19:00 AM
Pradeep Bonde said...: It is Telechart code. So if you have telechart you would understand it.
It is exponential average code. The averages are repeated because it is multiple moving average scan.
This is just one of the ways to do it. I will talk of more ways later.; Sep 30, 2009, 6:45:00 AM

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