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Bearish Screener

Companies with Bearish Price Signals as per Technical Indicator

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Metrics

Sectors

Consensus Ratings

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Ticker Company Name GICS Sector Market Capitalization (USD mn) CMP Close Price (USD) % Change Daily Volume Consensus Mean Ratings Consensus Mean Target (USD) Analyst Coverage (Total) Support Level* Resistance Level* % Above 52 Week Low % Below 52 Week High Average Daily Volume (5 Days) Average Daily Volume (30 Days) RSI Winder Smoothing - 14 Days MACD Histogram 20-day SMA (USD) 50-day SMA (USD) DMI - Positive Directional Indicator DMI - Negative Directional Indicator Beta Number of Analysts (Strong Buy) Number of Analysts (Buy) Number of Analysts (Hold) Number of Analysts (Sell) Number of Analysts (Strong Sell) Mean EPS Estimate (USD)^ High EPS Estimate (USD)^ Low EPS Estimate (USD)^ Mean Revenue Estimate (USD mn)^ High Revenue Estimate (USD mn)^ Low Revenue Estimate (USD mn)^

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Source: Data Powered by Licensed Source, Data as of Dec. 13, 2024. The above companies data is updated on a weekly basis.

Note: 1Y = 1 Year; 3Y = 3 Years; 5Y = 5 Years; ROE refers to return on equity; ROIC refers to return on invested capital; PE refers to price to earnings ratio; TTM refers to Trailing Twelve Months; LFY refers to last fiscal year; EPS refers to Basic Earnings per Share; P/E refers to Price to Earnings Ratio; SMA refers to simple moving average; CMP refers to Current Market Price; WACC refers to Weighted Average Cost of Capital; LTM refers to Last Twelve Months; D/E refers Debt to Equity Ratio; Current Asset metrics for 'Banks' refer to end of period (EOP) loans divided by end of period (EOP) deposits; NA refers to data not available

^Broker estimates for upcoming fiscal year

Bearish Stocks Data vs NASDAQ 1 Month Return 3 Month Return 6 Month Return 1 Year Return
*Screener Average Return (%) -7.72 % -5.85 % -7.58 % -10.38 %
NASDAQ Return 3.62 % 12.68 % 12.79 % 35.24 %
Excess Return over NASDAQ Return -11.33 % -18.53 % -20.36 % -45.62 %

Source: Data Powered by Licensed Source, Data as of Dec. 13, 2024. *The above performance data is based on average price change for selected stocks listed on NASDAQ, as per the screening criterias defined for Bearish Screener. The performance data is updated on a weekly basis.

Description of Bearish Screener

Bearish companies' data helps identify companies with bearish price signals as per technical indicators. This companies’ data screen is developed based on key technical indicators and price parameters such as Relative Strength Index (RSI), Simple Moving Averages (SMAs), Moving Average Convergence/ Divergence (MACD), Directional Movement Index (DMI) and Volume.

A company's share price is said to be bearish when it declines continuously and struggles to move up. Typically, in a bearish market, some investors may prefer to stay on the side-lines, while some investors may look for opportunities to buy quality shares at low prices for long-term holding.

There are various technical indicators to identify bearish trend in a company’s share price. For instance, when the current price of a share trades below its 50 DMA or 200 DMA and 200 DMA is less than 50 DMA, the stock is in a bearish trend.

Definitions:

Relative Strength Index (RSI): RSI is a leading momentum indicator developed by J. Welles Wilder. It moves in a range of 0 to 100 and due to the range-bound feature, it is also known as an oscillator. As per Wilder's definition, a reading above 70 levels is considered overbought, whereas a reading below 30 is oversold. The default period of RSI is 14 days and can be used in different ways for analysis perspectives such as divergences, overbought, oversold, and centerline crossovers.

Moving Average Convergence/ Divergence (MACD): MACD is a trend-following (lagging) indicator Developed by Gerald Appel. It is an oscillator that fluctuates above and below the centerline (zero value) and includes a MACD line and a signal line for representation. MACD is used in three ways to confirm the trade signal, i.e., centerline crossover, signal line crossover, and divergence.

Simple Moving Average: A Simple Moving Average (SMA) is a widely used trend-following (lagging) indicator based on the past price. It also serves as the basis for other technical indicators and thus keeps an important place in technical analysis. It is the average closing price over the specified timeframe. The 10, 20, 50, 100, and 200 periods are the most common time frames used when creating moving averages. It can identify a stock trend and support/ resistance levels.

Volume: Volume represents the number of shares or contracts that have been traded in a particular period. In simple words, the volume is the number of shares that changed hands during a given period. Stocks with high volumes are considered more liquid, and liquidity in stocks helps in easier and faster execution of the order. The volume is displayed by histogram and is usually available below the price action on a standard chart.

 

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

 

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