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Ticker Company Name |
Sector | Market Capitalization (INR Crores) | Close Price (INR) | CMP (INR) | % Change | Daily Volume | Consensus Mean Target (INR) | Support Level* |
|---|---|---|---|---|---|---|---|---|
|
AVANTIFEED Avanti Feeds Ltd |
Food Products | 9,062.33 | 664.30 | 842.55 | 26.83 | 5,102,750.00 | 577.00 | 623.80 |
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BAJFINANCE Bajaj Finance Ltd |
Consumer Finance | 446,526.54 | 7,208.40 | 8420.45 | 16.81 | 796,074.00 | 7,905.57 | 6,941.53 |
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*Support and resistance levels are based on the daily Pivot Points and may change based on the particular day's High, Low and Close prices.
^Broker estimates for upcoming fiscal year
| Momentum Stocks Screener | 10 Days Return | 1 Month Return | 3 Month Return | 6 Month Return | 1 Year Return |
|---|---|---|---|---|---|
| Average Price Change (%) | 7.50% | 15.53% | 1.05% | 14.82% | 42.21% |
| Excess Return over NIFTY50% | 5.88% | 10.70% | 3.87% | 9.70% | 27.24% |
| Nifty 50 Return% | 1.62% | 4.83% | -2.82% | 5.13% | 14.97% |
| Key Metrics | Description |
| Relative Strength Index (RSI) Wilder Smoothing | A momentum indicator that can gauge the stock's price trend and its strength |
| Moving Average Convergence/ Divergence (MACD) Histogram | Used to identify possible trend reversals and price swings |
| 20-Day Simple Moving Average (SMA) | A trend-following indicator calculated by averaging 20 days close price data point |
| 50-Day Simple Moving Average (SMA) | A trend-following indicator calculated by averaging 50 days close price data point |
| Directional Movement Index (DMI) | A momentum indicator that help in the trend's direction and strength analysis |
| Volume | It represents the number of shares that have been traded in a particular period |
| Beta | It represent the stock's volatility with respect to the overall market's volatility |
| Company Market Capitalization | Stocks with more than INR 2000 million market capitalization are considered |
Description of Momentum Stocks Screener
Momentum companies' data aims to reflect the companies trading with positive momentum. The key technical indicators and price parameters used for this screen include Relative Strength Index (RSI), Simple Moving Averages (SMAs), Moving Average Convergence/ Divergence (MACD), Directional Movement Index (DMI), Volume and Beta.
The RSI indicates price momentum and signals momentum in trend. A reading of 70 or above suggests overbought status, while a reading of 30 or below suggests an oversold status. Similarly, SMA helps identify existing price trends. If the stock price trade above the 21-period SMA, then it suggests prices are currently in a bullish trend and vice–versa. MACD is a momentum oscillator used for indicating trends and not to recognise oversold or overbought status. MACD reflects two lines on the chart which swing without margins. If the two lines crossover, it indicates trading signals alike two-moving average system.
When all the above-mentioned technical parameters are combined, it helps reflect shares either in positive or negative momentum. The Momentum Stocks Screener is used to identify potential technical analysis driven short-term opportunities in this space.
Frequently Asked Questions (FAQs)
1. What is momentum trading?
Ans. Momentum trading involves taking advantage of upward or downward trends in a stock and taking position accordingly. It involves taking high-risk as stocks might be in good momentum technically but might have strong fundamentals.
2. How are momentum stocks identified?
Ans. A stock is in momentum if the price differences for a fixed time interval as measured are moving in the same direction. For instance, developing a 20-day momentum line requires that the closing price of a stock 20 days ago is reduced from the last closing price. The value then can be shown near a zero line.
3. Does this screener show stocks data from a particular sector?
Ans. No, this screener includes stocks from across the sectors and market capitalization.
4. What do the Consensus Ratings and Consensus Mean Target Price of a company indicate?
Ans. The consensus mean target is deduced using statistical averages of broker estimates determined to be on the majority accounting basis and is provided by the licensed data provider. The price target is the projected price level forecasted by the respective analyst(s) within a specific time horizon.
The mean consensus rating is based on the data provided by the licensed data provider. The Consensus Rating is based on the Standard Scale of 1) Strong Buy, 2) Buy, 3) Hold, 4) Sell, and 5) Strong Sell.