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Prophet Patterns offers predictive power with valuable detail about each completed pattern it finds. With each result, you'll see the following predictions:
- the direction of movement
- the expected range of gain (or loss) in the stock's price
- the timeframe for this movement to occur
For example, in the above result, the stock that broke out of the Falling Wedge pattern is expected to increase 4.62% to 11.10% in price within 41 days of the breakout. You can use this information to evaluate the risk-reward profile of a contemplated position and to choose the trades that fit best with your personal trading preferences.
Additionally, Star Ratings (shown as gold stars: ) for each found opportunity take into account the overall expected performance of each pattern. A five-star prediction is statistically the most likely to achieve its target price.
Four distinct "strength ratings" are shown for each result found:
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Initial Trend Strength as the stock entered the pattern |
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Breakout Trend Strength for stocks that have completed their patterns by breaking out |
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Volume Increase at the time the breakout occurred |
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Uniformity or clarity of the pattern within its trendlines |
In your scans, you can set specific minimum and maximum values for each of these criteria. For example, you could search for bullish patterns that show a reversal of trend, with minimum ratings of 3 for Breakout Strength and Volume Increase.
Whether you choose Prophet Patterns ST (for shorter-term, intraday patterns) or Prophet Patterns DX (for patterns based on daily bars), you'll profit from customizable parameters that will allow you to find the opportunities tailored to your trading style - and clear predictions that help you choose which oppportunities to pursue.
Learn more about Prophet Patterns and the Investools Active Investing workshop by calling 1.800.393.5123.
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