Financial Analysis and Stock Screening Software for the American, European, and Canadian markets. 📈📊📉
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Joined March 2010
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Fundamental Friday: Serial Beaters
With a quarter of the S&P 500 through its third-quarter reports by last Friday, 83% of those companies had beaten analysts’ earnings estimates, according to FactSet.
It sounds like a blowout quarter. It isn’t: the 5-year average is 78% and the 10-year average 77%. Beating the estimate is simply what most companies do, most of the time.
Full article - and how to screen for them - on our substack page (NO paywall).
Link in first comment.
🤖 Made with AI
ALT Serial Beaters, how to screen for in ChartMill?
ServiceNow ($NOW ): the order book tells the story...
If Alphabet’s drop was spectacular, Servicenow's was brutal. The enterprise software company lost 27% after a revenue outlook that disappointed investors. What made it worse is that the weakness appears in the order book, which suggests a real slowdown rather than a timing issue.
ALT Servicenow Inc (NOW) daily chart with EMA9 & EMA21
A short checklist as a reminder #growthstocks
Red Flags behind Strong Numbers - the most common traps 🔻
Feel free to add more 'traps' below! 👌👇
ALT Red Flags behind Strong Numbers, the most common traps
A simple and effective day trading strategy by @corymitc
New guest article on our website @ChartMill from @corymitc regarding his daytrading approach using the 1m intraday chart.
👉 How he uses The ChartMill Scanner to find stocks that show big intraday movement and volume
👉 How he trades those stocks using his Trend Continuation (TC) Day Trading Strategy
Link to article in first comment.
Auto-detection and a complete strategy guide (FREE to download)
Link to the free guide (23 pages) in first comment
#swingtrade #VCP
ALT Volatility Contraction Pattern in Siriuspoint Ltd
The Volatility Contraction Pattern, Mark Minervini's favorite entry setup.
The mechanics, the numbers and a ChartMill workflow 👇
chartmill.com/images/uploads…
VCP recognition in the ChartMill stock screening platform.
Siriuspoint Ltd $SPNT
A-setup - Volatility Contraction Pattern.
‼️No recommendation, just an example setup! ‼️
ALT Volatility Contraction Pattern (VCP) detected by ChartMill in Siriuspoint Ltd
FICO punished for not raising prices
FAIR ISAAC CORP ($FICO | ▼13.15%) dropped 13% after announcing it will lock the price of its mortgage credit score at $10 per score for members of a premium package. Almost every US bank uses FICO scores to assess borrowers, and many lenders will likely take the offer. The problem is that the market expected FICO to keep raising prices sharply to grow profits. Wells Fargo was disappointed and cut its price target from $800 to $735.
ALT Fair Isaac Corp daily chart with EMA9 & EMA21
Cybersecurity: a patch, a warning and a rally
Cybersecurity stocks wrapped up the week in style. CROWDSTRIKE HOLDINGS INC - A ($CRWD | ▲8.25%) gained more than 8%, ZSCALER INC ($ZS | ▲7.31%) and PALO ALTO NETWORKS INC ($PANW | ▲7.22%) both rose more than 7%, and the GLOBAL X CYBERSECURITY ETF ($BUG | ▲4.98%) closed almost 5% higher.
ALT Crowdstrike Holdings Inc daily chart with consolidated support levels
BIG news for Minervini-style VCP traders!
Two charts. Zero minutes of searching.
After yesterday's close, ChartMill flagged SiriusPoint ($SPNT) and PRA Group ($PRAA). Both are in a confirmed uptrend, both have been tightening into a Volatility Contraction Pattern for weeks, and both are still trading just below their VCP high. I didn't scroll through a single chart to find them. The screen did that for me.
That's our new VCP screen, and you won't find it anywhere else.
We built the pattern detection in-house: ChartMill now recognizes the VCP itself on daily and weekly charts, measures every contraction, and combines it with Mark Minervini's Trend Template in one screen. Trend, contractions, tightness, distance to the pivot. All checked before you open a chart.
Link to this screen in first comment!
@ChartsJavi - @TraderAmogh - @PatrickWalker56 - @traderCharlieM - @Venu_7_
ALT The Volatility Contraction Pattern
$ULTA - Is that a VCP or is it a VCP...?
Some patterns never change...
#MINERVINI - 'Trade Like a Stock Market Wizard' - page 198 😁
ALT VOLATILITY CONTRACTION PATTERN IN ULTA BEAUTY
APPLIED MATERIALS INC ( $AMAT | ▼6.69%) was among the biggest losers on Wall Street. At a chip industry conference, investors hoped CEO Gary Dickerson would put a number on equipment demand for the coming quarters.
He didn't. He said demand for computing capacity would keep growing very strongly, and the company announced a $5 billion facility designed to speed up the development of AI chips.
ALT APPLIED MATERIALS INC
