Technical Opinion

The Technical Opinion panel takes up to 2 years worth of historical data for a symbol and runs these prices through thirteen different studies (technical indicators). To add this panel to your workspace, click on More in the main toolbar and select Technical Opinion from the Technical grouping.

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After each calculation, Barchart Opinions assigns a buy, sell or hold value for each study, depending on where the price lies in reference to the study's common interpretation. Technical Opinion adds market-timing information by calculating and interpreting signal strength and direction.

Opinions are updated every 20 minutes throughout the day, using delayed data from the exchanges.

The Overall Average Signal, Strength and Direction is shown at the top of the page. This represents the average of the 13 popular indicators detailed in the table below.

The table groups the 13 indicators based on Short, Medium, and Long Term time frames.

• Indicators in the Short Term group generally are used to interpret price movement that happens over the last 20 days.

• Medium Term indicators interpret price movement that happens over the last 50 days.

• Long Term indicators interpret price movement that happens over the last 100-200 days.

• TrendSpotter is in its own group and represents a composite look at price movement.