Stock Trends symbols and indicator values are used to quickly and visually communicate the results of our moving average trend analysis.
Trend Symbols – Quick Reference
| Symbol | Trend Name |
Trend Category |
13-week MA vs. 40-week MA |
Current Price vs 13-week MA 'Envelope' |
Trading implication |
 |
Bullish Crossover (New Bullish) |
 Bullish |
Intersected (13-wk above 40-wk) |
Above lower limit (-3%) |
Buy Signal |
 |
Bullish (Strong Bullish) |
Bullish |
13-wk Above 40-wk |
Above lower limit (-3%) |
Buy Signal |
 |
Weak Bullish |
Bullish |
13-wk Above 40-wk |
Below lower limit (-3%) |
Hold/Sell Signal |
 |
Bearish Crossover (New Bearish) |
 Bearish |
Intersected (13-wk below 40-wk) |
Below upper limit (+3%) |
Sell Signal |
 |
Bearish (Strong Bearish) |
Bearish |
13-wk Below 40-wk |
Below upper limit (+3%) |
Sell Signal |
 |
Weak Bearish |
Bearish |
13-wk Below 40-wk |
Above upper limit (+3%) |
Monitor/Buy Signal |
The symbols are assigned to a stock based on the relationship of three values:
1. The stock’s Current Price (most recent Friday close).
2. The 40-week moving average price (40-week MA).
3. The 13-week moving average price (13-week MA). An envelope of +/- 3% around the 13-week MA is also used to determine the symbol applicable to each stock.
Each Trend Symbol falls into one of two Trend Categories – BULLISH or BEARISH, determined by the relationship of the 40-week and 13-week MA values.
If the 13-week MA is greater than (above) the 40-week MA, a stock is categorized as BULLISH. If the 13-week MA is less than (below) the 40-week MA, a stock is categorized as BEARISH.
Individual Trend Symbols are based on:
1. Whether the Trend Category has changed from the previous week, and
2. The relationship of the Current Price and an ‘envelope’ of plus/minus 3% around the 13-week MA value.
If the Trend Category has changed from the previous week (i.e. the 13-week MA has intersected the 40-week MA line), then the stock will be given either a Bullish Crossover or Bearish Crossover symbol - 
or 
. These are also referred to as “Newly Bullish” and “Newly Bearish” symbols, and are only shown in the 1st week of a Trend Category change. Once a stock has moved into a new Trend Category, in future weeks it will display one of the other two symbols (a solid or empty arrow) within the category until it changes to the other Trend Category.
