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Momentum Screener

Companies with Positive Price Momentum, Increasing Volumes and Bullish Technical Indicators.

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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
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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Source: Data Powered by Licensed Source. The above stocks data is updated on a weekly basis. Data as of Dec. 16, 2024.

*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.