Chaikin Analytics Resources Chaikin Analytics WebApp User Guide Charts

Charts

Overview

The Chaikin Analytics chart is designed to facilitate a quick, reliable Buy/Sell decision on a stock or ETF. Each chart element has been chosen to contribute to this evaluation.

The chart has an expandable Stock Detail area, Chart Controls, and Chart Display.

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Chart Header

Stock Detail

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The Chart header shows stock detail including Power Gauge arc, stock symbol, company name, Last, daily Change (and percent change), Industry Group, Options button, Earnings Info, Technical Rating, and Industry Rating.

Press the drop-down arrow at right or double-click the Chart Header to see Power Gauge components and other detail.

Note: Make your browser at least 1280px to see the Earnings Info.

Filter Warning

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Chaikin suggests deprioritizing 'low-quality' names from your investment process. Stocks which are very low-priced, low-liquidity, or micro-cap tend to respond less reliably to quantitative analytics, including ours. These stocks can be indicated using the Global Filter in the Watchlist, which is On by default.

If the Global Filter is On, and you chart a stock which does not pass the Filter, a warning icon will display next to the stock symbol.

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Hover over the Warning icon to see which criteria caused the stock to fail the Filter.

Industry Hotlink

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Press the Industry Group name to hotlink to that Industry, allowing you to easily compare a stock to its peers. The Industry list will replace the previous watchlist. ETFs do not have an industry hotlink.

Company Info

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Press for information on the current company. Press “x” to hide the window.

Add to List

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Select any User list, or create a new list, to add this stock to.

 

Find in List 

Press "Find In List" Chaikin Analytics WebApp to see all lists in Chaikin Analytics containing the current symbol.

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Select a list type from the "Find" drop-down menu to see only lists of that type containing the symbol:

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(TD Ameritrade broker customers will also see a 'Client Portfolios' option)

Click on a list name and press "Select List" to load it in the app.

Options

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If the stock you are viewing has Options traded on it, the Options button will be active. Press it to see the OptionsPlay window for this stock, described here. If the stock is not Optionable, the button will be greyed out. The button will be active for all ETFs.

Earnings Info

If your browser is at least 1280px wide, you will see Earnings Info in the Chart Header for the stock you are charting. Which info is shown depends on where the stock is in its Earnings cycle - either Upcoming Earnings info, Earnings Surprise info, or Estimate Revision info.

Note: Earnings Reports and Estimate Revisions are processed nightly and will be reflected in the Chart Header the day after they are received.

Click the EPS icon in the Chart Header to see an Earnings Detail popup allowing you to show historical Earnings on the Chart, and click again to hide it.

Upcoming Earnings

Generally, if the stock you are charting has a valid next Earnings report date, you will see info about the upcoming report - report date, fiscal quarter to be reported, and current consensus earnings estimate for the quarter.

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Popup

Hover over the EPS icon to see Upcoming Earnings detail (the same popup is accessible from the Watchlist).

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The top section shows next report date, fiscal quarter being reported, quarterly consensus estimate, year ago quarterly EPS, and - if there is a Warning icon - a message explaining it.

If the next report date is today or tomorrow, a Sun or Moon icon will indicate whether the stock reports before market open, after the close, or during market hours (no icon).

The bottom section shows report date, quarter reported, EPS, and revenue for the stock's last quarterly Earnings report.

Chaikin Analytics WebApp A Bearish Warning ahead of Earnings can be triggered by:

  • Power Gauge Earnings Surprise or Estimate Trend factor being Very Bearish (bottom 20% of the Russell 3000)
  • A recent drop in the consensus estimate or average analyst rating for the stock.

Chaikin Analytics WebApp A Bullish Warning ahead of Earnings can be triggered by:

  • PGR Earnings Surprise or Estimate Trend factor being Very Bullish (top 20% of the Russell 3000).
  • A recent increase in consensus estimate of average analyst rating for the stock.

Though the Power Gauge Rating should be the primary input to your evaluation of a stock's potential, these Earnings Warnings should serve as inputs to any decision made around an Earnings event.

Earnings Surprises

If the stock you are charting has reported Earnings within the past 3 trading days, you will see information about the completed report.

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The Chart Header shows fiscal quarter, report date, actual reported quarterly EPS, and Consensus Estimate at time of report.

  • A Bullish Earnings Surprise (actual EPS greater than estimate) will be colored green.
  • A Bearish Earnings Surprise (actual EPS less than estimate) will be colored red.

Popup

Hover over the EPS icon to see detail about the completed Earnings report (the same popup is accessible from the Watchlist).

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The popup shows report date, fiscal quarter, quarterly EPS & revenue reported, consensus quarterly estimate, quarterly EPS and revenue change from 1 year ago, and amount by which the reported EPS missed or beat the estimate.

Estimate Revisions

If the stock you are charting does not have a recent or upcoming Earnings report, and the consensus quarterly estimate has changed more than 2c and 2%, you will see Estimate Revision info in the Chart Header, including the old and new estimate.

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Click the EPS icon to see Upcoming Earnings detail.

No Earnings Data

If the symbol you are charting does not have a valid next report date, or last report date, the Chart Header will show "No earnings data." This includes ETFs.

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Trends

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This is an indication of where a stock is in relation to its short, intermediate, and long-term trends.

Industry Rating

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Industry Rating looks at the aggregate Power Gauge Ratings of stocks in this company’s Industry Group to assign a Rating from Strong to Weak.

Expanded Stock Detail

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Click the drop-down icon next to Trends to show the detail view and again to hide it. As a shortcut, double-click in the header or detail view to open and close the view.

  • NeutralPositive Potential (or Neutral+)” means the underlying rating is Bullish, but is being clipped because the stock is breaking down below its long-term trend.
  • "NeutralNegative Potential (or Neutral-)” means the underlying rating is Bearish, but is being clipped because the stock is breaking out above its long-term trend.

Power Gauge Drill Down

The center panel allows you to drill into the Power Gauge rating, starting with the four top-level components:

Press (+) to expand a component to see its 5 factors, and (-) to close it again.

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Each “slider” represents the stock’s rank relative to a comparison universe (either the Russell 3000 or the stock’s Industry Group, depending on the factor).

Factors are all scaled so that “green is good”, i.e. Bullish, and Red is Bearish. For some factors - for example, Debt/Equity Ratio - a low value is better. In these cases, the slider position will be toward the right for companies with a relatively low Debt/Equity ratio.

Another example is the Short Interest factor: generally, low Short Interest is Bullish, as it means there are not a lot of bets against the stock. So stocks with relatively low Short Interest will have a higher factor rank.

Remember, scaling for some factors is relative to Industry, which may not always be intuitive. For instance, a company with a seemingly low (i.e. favorable) Debt/Equity ratio may not rank as well compared to its Industry peers, and the factor value may not be as high as you might expect. Though possibly counterintuitive, this is actually what makes the Power Gauge model so effective.

Factor ranks are weighted using proprietary weights and combined first into component scores, then into an overall “raw” Rating. A “technical overlay” is then applied to arrive at a final Power Gauge Rating for each stock. Ratings are updated after each trading day, before the following open.

Factors are explained in more detail in the Power Gauge Rating section.

Fundamentals

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Press the arrows to see Fundamentals, Performance, Earnings, and Ratios, sourced from Zacks.

Expanded ETF Detail

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Click the arrow icon next to Trends to show the detail view and again to hide it.Asasshortcut, double-click in the header or detail view to open and close the view.

The Power Gauge Rating is in development and coming soon as are its components (Momentum, Relative Strength, and Weighted Average PGR). The fundamentals summarize the ETF’s key characteristics and statistics.

  • Assets. Assets under management.
  • Avg Daily Vol. Average daily trading volume.
  • Beta. A measure of volatility: 1 = matches the S&P 500, >1 = more volatile, <1 = less volatile.
  • Div Yield. The ETF’s current dividend yield.
  • Holds. The asset types held.
  • Strategy. Long or Short.
  • Management. Active or Passive.
  • Expenses. Fees as a percentage of the ETF’s asset under management.

Chart Display

The Chaikin Analytics Chart display shows 5 slices of high-value indicators:

Price, Averages, Bands

  • Price Bars – The chart will show historical High/Low/Close bars - either 1 year of daily bars or 5 years of Weekly Bars depending on the time frame selected. Values reflect exchange trades, as provided by QuoteMedia.
  • EMA21 – 21-day Exponential Moving Average of closing price.
  • Chaikin Bands – Computed as a percentage above and below EMA21.
  • Chaikin Trend – 200-day Double-Exponential Moving Average.

How to use it
Chaikin Bands are an indication of a stock’s normal trading range. When a stock hits a band, this is a potential decision point. If the stock drops to a Lower Band and the Power Gauge is Bullish and other factors in your decision process confirm, this can be a good entry point for a stock you are looking to own. Conversely, if a stock rallies to an Upper Band while the Power Gauge and other factors are Bearish, you might consider taking profits.

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Intraday Bar

  • During the trading day, the most recent bar will reflect the current day's High, Low, and Last Price, colored Green, Red, or Grey depending on whether the stock is up, down, or unchanged for the day.
  • Last sale prices should match the quote displayed in the Chart Header. They are based on values provided by QuoteMedia from the BATS exchange, update once per minute, during and outside of market hours. High and Low values are based on exchange trades during market hours.
  • When the nightly update is performed (before midnight U.S. Eastern time), a new historical bar is created and the intraday bar is not displayed. Once a calendar day starts which is a valid trading day, a grey "tick" will display at the Last price until trading activity occurs.
  • Other indicators do not update dynamically during the trading day.

Chaikin Money Flow (CMF)

  • Chaikin Money Flow is a proprietary measure of net accumulation (green) or distribution (red). This is a simple, effective way of including volume in your analysis, and has become an industry standard tool.

  • A stock which is closing high in its daily range on high volume is considered to be under net accumulation, and conversely a stock closing nearer its daily low on high volume is considered to be under net distribution, as these patterns may reflect institutional trading activity.

How to use it
CMF ranges from +100 to -100. A stock which closes at its high 21 days in a row will have a value of 100. A value of +25 or -25 is considered strong accumulation or distribution.

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Overbought/Oversold (OB/OS)

This indicator provides a smoothed, scaled cyclical indication of where a stock is in its normal trading range.

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How to use it
When OB/OS drops below 30 then turns up, this can be a good entry point when confirmed by the Power Gauge. A level of 70 is considered Overbought.

Relative Strength

This indicator provides a consistently scaled indication of a stock’s recent performance relative to the S&P 500. When the gradient gets to green, this indicates the stock has been strongly outperforming the market. Relative Strength on the SPY chart, will compare SPY to the IWV—the Russell 3000 index which includes a blend of large, mid, and small cap stocks.

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How to use it
Periods of very strong (or very weak) relative activity may indicate an underlying shift in the market’s sentiment about a stock which is not yet picked up in the Power Gauge rating.

Power Gauge Ribbon

The Power Gauge ribbon shows the historical value of the Rating over time. You can use this as a reference to see how the stock performed relative to the Rating. ETFs do not currently get a Power Gauge Rating.

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Note: To reduce visual ‘noise’, only closing weekly values are shown.

  • For prior weeks, the closing rating value is shown for all days in the week.
  • Example: If the rating turned Bullish for a day but ended the week Neutral, the whole week displays as Neutral.
  • For the current week, the current daily value is shown for all days in the week.
  • Example: If the rating turned Bullish for a day but is currently Neutral, the whole week displays as Neutral.

Daily Power Gauge Popup

Hover over the current week of the Power Gauge ribbon to see daily values for the current calendar week. Days not processed yet will have a lighted border around them.

  • Holiday
  • Neutral+
  • Very Bullish
  • Not processed yet
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Daily Power Gauge values

Daily Power Gauge Colors

For more detail on the Power Gauge Values see the Power Gauge Rating Section

Classic Bulls and Bears

When evaluating investment ideas, look for stocks where the Power Gauge Rating has been in alignment with the technical indicators on the Chaikin chart.

We use the term “Classic Bull” to refer to a stock which has had a persistent Bullish or Very Bullish rating, and with:

  • Price above a rising long-term trend
  • Strong Chaikin Money Flow (with persistency of green, or accumulation)
  • Strong Relative Strength (with persistency of green, or outperformance)
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The above chart shows this “Classic Bullish” pattern, along with Oversold Buy Signals which identified lower-risk entry points.

It adds further confirmation when a Classic Bullish stock is in a strong Industry Group.

Conversely, a “Classic Bear” has had a persistent Bearish or Very Bearish Rating with:

  • Price below a falling long-term trend
  • Weak Chaikin Money Flow (with persistency of red, or distribution)
  • Weak Relative Strength (with persistency of red, or underperformance)

This is shown in the chart below.

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Classic Bears in weak Industry Groups can be excellent short candidates, especially in times of overall market weakness.

ETF Charts

ETF charts feature the same technical analytics as stock charts (with a few exceptions) and can be used to make informed Buy/Sell decisions.

A general rule of thumb is to look for ETFs which have been above a rising long-term trend, which have been outperforming the market, with persistent Chaikin Money Flow. Then be patient and wait for Oversold pullbacks.

More detail on ETF Charts is in the ETFs Section.

Chart Controls

Intraday Chart Popup

Select the 1D Button to toggle the Intraday Chart popup for the current symbol on and off. The intraday chart gives a dynamic visual snapshot of the most recent days' trading activity.

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Quote Header

  • Symbol, Last, Chg. The Quote Header will display Ticker Symbol along with Last, Change (and Percent Change) colored Green, Red, or Black based on the change relative to the previous Close. Quote information is provided by QuoteMedia. It is reset prior to each market open, and is updated at 1-minute intervals, with no delay, based on trades from the BATS exchange.
  • Open, High, Low, Volume Values for the most recent trading day's Open, High, Low, and Volume are updated at 1-minute intervals, and reflect major exchange information.

Intraday Alerts – You will see colored alert icons (! ! !) next to the Quote fields, accompanied by an Alert message, when certain significant conditions are met.

  • Gap Up/Down at Open A Gap alert will display next to the Open if the stock opens outside of yesterday's range (i.e. above yesterday's High or below yesterday's Low). There will be an actual gap on the historical chart in this case. The alert will display even if the stock's price has "filled the gap" subsequent to the open.
    • Note. The Gap alert is only shown if the stock opens outside of yesterday's range, not in the case of any difference between previous Close and today's Open.
  • 52-Week High/Low Today – A High/Low alert will display next to the High or Low fields if they meets or exceed the previous 52-week extreme. The alert will display even if the stock has subsequently retreated from its 52-week High/Low.
    • Note.Historical 52-week High/Low is determined based on closing prices only. The stock may have had higher intraday highs, or lower intraday lows over the previous 52 weeks.
  • High Volume – A High Volume alert will display if today's volume is at least 1.5 times the 90 day average volume, as reported by Zacks.

The Intraday Alert Message will indicate the conditions triggering today, e.g. "Gap up at open on high volume." The Intraday Alert icons and message will be colored the same as the change for the day (Green or Red), or Blue if not all conditions agree.


Intraday Chart – On the left, a dot and dotted line indicate the previous Close. The price line shows an up-to-the-minute chart of price activity. The chart is reset prior to market open on trading days, and updates between market hours (from 9:30am to 4:00pm US Eastern time.)

  • Note: Prices in the chart update at 1-minute intervals, without a delay, based on trades from the BATS exchange, as provided by QuoteMedia. This is the most timely quote we can provide without passing on exchange fees. The intraday chart is not meant for tick-by-tick intraday trading: trades may occur at levels not indicated in the 1-minute updates on the chart, though these would be reflected in the Open/High/Low/Volume fields in the Quote Header.

Time Frames

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Toggle between 1 year daily and 5 year weekly chart.

Historical Earnings

Click the EPS icon on the Chart to see where a company has previously reported Earnings.

Historical Earnings

At a glance, you can now see not only whether a stock has tended to make or miss expectations, but how the stock reacted soon after each Report. This can be helpful in determining a plan of action around an Earnings Report.

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A Green "EPS" icon indicates a report that beat expectations, Red indicates a miss, and Grey indicates expectations met. Hover over an EPS icon to see the quarterly consensus Estimate at the time of the report, actual reported quarterly EPS, and amount by which the company beat or missed expectations.

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Historical Signals

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Toggle a Buy/Sell signal pair historically on or off the chart.

Active Signals

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An indication of which Signal or Signals are currently triggered for this stock.
Tap to toggle on or off.

Data Window

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Hold down the left mouse button and move the mouse to see a data window showing values of the indicators on the chart, including Power Gauge Rating.

Note: The historical Power Gauge Rating shown in the data window is the weekly Power Gauge value, i.e. the closing value for the week.

For more precise operation, click  Chaikin Analytics WebApp  to toggle the data window on and off. In this mode, you can then use the left and right arrow keys to move the window one day at a time.