Stock Market Guides, a company that offers stock market
scanning software, has announced the latest improvement to its proprietary
stock scanner technology. Their stock scanner not only finds trade setups in
real time that are popular among active traders, but it also now shows how each
of those trade setups performed historically according to backtest research.
According to Andy Yuda, a Senior Consultant at Stock Market
Guides, “One example of a scan we offer is for oversold stocks based on
their RSI indicator. It’s a popular trade setup for many active stock traders.
Before you pull the trigger on buying a stock that’s oversold, wouldn’t you
want to know how that stock has performed historically when it’s been oversold?
If that stock doesn’t have a track record of success historically for that
trade setup, why buy it now? That historical performance is the information our
scanner brings to light.”
This new technology is available not only for active stock
traders, but also for buy-and-hold investors as well as option traders. The
scanner at Stock Market Guides caters to trade setups based on technical
analysis, like chart patterns and stock indicators, as well as investments
based on fundamental analysis, like price-to-earnings ratios and earnings
growth.Customers
can also enable the scanner to pick trades for them. This is offered for both
stocks and stock options.
This scanner technology upgrade is the latest feature that
Stock Market Guides has made available to retail investors. They also
offer free educational guides that cover everything from how to buy stocks all
the way to how to calculate advanced stock market indicator values.
About Stock Market Guides
Stock Market Guides
is based in Altadena, California, and has been offering stock scanning services
to the public since 2023. Prior to that, its founders did years of research and
development that led to the creation of the business and its offerings.
For more information about Stock Market Guides and its
range of educational content and services, users can visit
https://www.stockmarketguides.com. Stock Market Guides continues to provide
educational content aimed at supporting informed financial decision-making for
its readership.
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