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