Global stocks: Three negative stocks based on our automatic scoring system

Published October 10, 2018

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Choosing the same theme I chose for my last article for three Indian stocks that was published on Tuesday. Investtech has created algorithms that score any stock based on quantitative criteria. They are trend channel, closeness to support and resistance, volume development, momentum and price formations. Based on Investtech's scoring system and stock selection tool, we have identified three liquid stocks that overall score negative by the algorithms on all time frames. We make sure to choose ones that are liquid enough for anyone to trade. In this case over 50 million USD.

Vulcan Materials Compa (VMC.US) Close: 109.15

Vulcan Materials Company scores highest on the list of negative stocks with a score of -92 points. The stock was in a sideways trend since the spring of 2016 until a month ago it broke the 110 level and gave a sell signal from rectangel formations both in the medium and the long term charts. Price target from the formation comes to around 81 dollars. Next level of support comes at 70 dollars in the long term chart. There is resistance around 113-116 levels.
Negative volume balance indicates that sellers are aggressive while buyers are passive, and weakens the stock. RSI below 30 shows that the momentum of the stock is strongly negative in the short term which indicates increasing pessimism. The stock is overall assessed as technically negative for the medium term.
Vulcan Materials Company will come out with its quarterly report on the 7th of November 2018.
Investtech's outlook (one to six weeks): Negative

Akamai Technologies (AKAM.US) Close: 64.93

Akamai Technologies has broken down through its rising trend channel in the medium term and scores -88 points as per our automatically generated overview of the stocks. Akamai Technologies has fallen over 21 percent from its top in June and now has given sell signals from three major price formations both in the medium and long term charts.
This fall in price has been supported by increasing volume on the selling side. Negative momentum in the stock also suggests extreme pessimism among investors.
Price target from the formations comes to around 62 dollars, but the stock may fall further to its next support, which is around 53 dollars. In case of a reaction on the other side, there is resistance at 72 dollars.
Investtech's outlook (one to six weeks): Negative

Moody's Corp (MCO.US) Close: 161.65


Moody's Corp scores -82 points and the stock has broken down through its rising trend channel in the medium term. Moody's Corp has given a sell signal from a large head and shoulders formation and a price target of 152 dollars. There is resistance around 170 dollars, or the neckline of the formation.
Volume balance is very negative as indicated by three red down arrows on the lower right side of the chart. This indicates that rising volume corresponds well with falling prices and falling volume corresponds with price peaks. This is a negative sign. The stock is overall assessed as technically negative for the medium term.
Investtech's outlook (one to six weeks): Negative

You can go through the Stock Selection section on Investtech's website and check automatically generated analyses and scores for your favourite stocks.

Note: These instruments are traded in currency based on the exchange or country they are listed on.

The analyses are based on closing price as per October 9, 2018.

Skrivet av

Kiran R. Shroff
Analytiker
i Investtech

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Join our free online webinar Introduction to Investtech by Sales Manager Jan Marius van Leeuwen and Analyst Kiran Shroff.

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Investtech garanterar inte fullständigheten eller korrektheten av analyserna. Eventuell exponering utifrån de råd / signaler som framkommer i analyserna görs helt och fullt på den enskilda investerarens räkning och risk. Investtech är inte ansvarig för någon form för förlust, varken direkt eller indirekt, som uppstår som en följd av att ha använt Investtechs analyser. Upplysningar om eventuella intressekonflikter kommer alltid att framgå av investeringsrekommendationen. Ytterligere information om Investtechs analyser finns på infosidan.


Investtech garanterar inte fullständigheten eller korrektheten av analyserna. Eventuell exponering utifrån de råd / signaler som framkommer i analyserna görs helt och fullt på den enskilda investerarens räkning och risk. Investtech är inte ansvarig för någon form för förlust, varken direkt eller indirekt, som uppstår som en följd av att ha använt Investtechs analyser. Upplysningar om eventuella intressekonflikter kommer alltid att framgå av investeringsrekommendationen. Ytterligere information om Investtechs analyser finns på infosidan.

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