Last week, we brought to you the new TradeStops Stock Analyzer. This takes the place of the Stop Loss Analyzer under the “Research” tab and is now the first place you should go to get an overview of stocks that you own or stocks that you’re considering adding to your portfolio.
If you own a stock, you’ll want to enter your purchase date into the “Entry Date” window. If you’re researching a stock, you can leave today’s date as the default. For this example, let’s look at Microsoft (MSFT).
The Stock Analyzer has three main sections. The two sections at the top of the page examine the stocks or funds with different stop loss settings, and the bottom section shows the chart of the stock or fund based on the inputs that are important to you.
The first section on the left side of the screen shows the stock itself with its current Stock State Indicator status, the Volatility Quotient percentage, the VQ trailing stop based on the Entry Date chosen, the change in price from the previous day, and the historical returns of the stock.
In the case of MSFT, you can see that it has been in the SSI Green Zone for more than four months. The Volatility Quotient is 16.96%, and the VQ Stop price is $50.35.
MSFT closed at $60.64 on Thursday, and you can see the returns for the past one and three years as well as the daily trading volume.
You can click on the pencil icon and change the Trailing Stop percentage. You can also go back and change the Entry Date to see the difference that makes in the different Stop Prices.
The third section at the bottom of the page is the TradeStops chart with numerous settings you can choose to show or not show. This is what it looks like with all of the settings checked. (Click image to expand.)
And here’s what the chart looks like with all of the settings unchecked. (Click image to expand.)
Let’s take a look at the different chart settings and how they can be used to help you analyze the stocks you own or are considering owning.
Having all of these checked could create some confusion when looking at the chart. Let’s assume that we want to use the SSI Stop as our exit strategy. We can then uncheck the VQ Trailing Stop and the % Trailing Stop. Also, the stock’s volume and historical VQ% are not as important to me when I’m looking at the chart, so let’s uncheck those as well. This results in a cleaner, easier-to-understand chart. (Click image to expand.)
We recommend that you play around with the settings so that you can personalize the chart to show only those items that are of importance to you.
And we have more changes that will take place over the next few weeks that will make the Stock Analyzer even easier to read.
Enjoy the latest TradeStops upgrade!