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This online publication is intended for information purposes only. No statement or expression of opinion directly or indirectly, is an offer, solicitation or recommendation to buy or sell any of the securities mentioned. Neither Top40stocks.com nor M. Davis & Associates Capital Inc. assume any liability. Also, we strongly urge you to consult a professional investment advisor prior to making any investment decisions.

Top 40 Gold Stocks ranks stocks by a combination of their overall opinion, signal strength and signal direction, based on data and analytics provided by Chicago-based Barchart.com Inc. Please note that investors should not rely on technical analysis, alone, to evaluate investment opportunities.

Such mathematical formulas for assessing each stock’s future potential should be used in conjunction with fundamental analysis i.e. a thorough investigation of each company’s history, its management team, its financial status, its share structure and its future plans and prospects. Barchart.com (the provider of the Top 40 table) uses 12 types of analytics in daily, short-term, medium-term and long-term periods to arrive at its various Buy, Sell and Hold signals. Each of these proprietary signals uses a percentage-based numeric rating that is subject to change over time in response to ever changing directional analytics.

For instance, short term signals are primarily based on 8-20 days worth of trading data; medium-term signals are based on up to 50 days' worth of data; and long-term signals are based on up to 100 days’ worth of data.

 
Short Term Indicators  
10 - 8 Day Moving Average Hilo Channel      
20 Day Moving Average vs Price      
20 - 50 Day MACD Oscillator      
20 Day Bollinger Bands      
 
Medium Term Indicators  
 40 Day Commodity Channel Index      
 50 Day Moving Average vs Price      
 20 - 100 Day MACD Oscillator      
 50 Day Parabolic Time/Price      
 
Long Term Indicators  
 60 Day Commodity Channel Index      
 100 Day Moving Average vs Price      
 50 - 100 Day MACD Oscillator

 

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