You might be interested to use free tools to spot stocks with golden crossovers. In this article, we will discuss two free tools which will help you to identify stocks with golden crossovers. You do not have to struggle after reading this complete guide on golden crossovers.
Identify golden crossovers stocks using free tools
If you’re a trader or investor, you’re likely always on the lookout for tools and strategies to identify potential opportunities in the stock market. One such opportunity is the “Golden Cross,” a technical indicator that can signal a bullish trend in a stock’s price. We already have discussed about the Golden Cross in separate article. In this article we will discuss what are the different tools that help you to identify those stocks with golden crossovers.
The good news is that you don’t need expensive software or subscriptions to find stocks with Golden Crossovers. In this blog post, we’ll explore how you can use free tools to spot these opportunities.
Free Tools to spot stocks with golden crossovers
Free tools are those through which you can easily identify stocks with golden crossover. These tools not only save your money but can also provide valuable insights for your trading or investing decisions. Here’s how you can use them to identify Golden Crossovers:
Chartlink is a free online tool that help us in finding stocks with golden crossovers. However, you need to understand some parameters that can be used to write a program in the platform. This very easy and can be done quickly and freely once you are familiar with the terms over there. I am here sharing a code of program that I have been using to identify stocks with golden crossover.
Scan Examples of Chartlink code for Golden Crossover
Scan Description: 55-ema crosses above 200-ema
Stock passes any of the below filters in cash segment:
Daily Ema(close,55) Crossed above Daily Ema(close,200)
1 day ago Ema(close,55) Crossed above1 day ago Ema(close,200)
2 days ago Ema(close,55) Crossed above2 days ago Ema(close,200)
3 days ago Ema(close,55) Crossed above3 days ago Ema(close,200)
4 days ago Ema(close,55) Crossed above4 days ago Ema(close,200)
5 days ago Ema(close,55) Crossed above5 days ago Ema(close,200)
You can keep on adding few other supportive parameters to get a better result here. In the above example I have used 55-day Exponential moving average crossed over 200-day exponential moving average.
Let me another example of Chartlink codes with other supportive indicators for breakout confirmation.
Stock passes all of the below filters in cash segment:
(latest sma (latest volume, 20) >= 100000 and
latest rsi (14) > 60 and
latest close > 50 and
Market Cap > 500
Daily Sma(close,50) Crossed above Daily Sma(close,200)
1 day ago Sma(close,50) Crossed above1 day ago Sma(close,200)
2 days ago Sma(close,50) Crossed above 2 days ago Sma(close,200)
3 days ago Sma(close,50) Crossed above 3 days ago Sma(close,200)
4 days ago Sma(close,55) Crossed above 4 days ago Sma(close,200)
5 days ago Sma(close,50) Crossed above 5 days ago Sma(close,200)
Here I have used the companies with market cap above 500 crore and the latest close of the stock price is above Rs50. This make sure that we are not touching penny stocks which can easily be manipulated.
Yahoo Finance for Golden Crossover stocks
Yahoo Finance is a widely used financial platform that offers free stock screening and charting tools. Here’s how to identify Golden Cross opportunities:
- Enter the stock symbol of the company you’re interested in.
- Go to the “SMA” indicator on the chart and select the 50-day and 200-day moving averages.
- Look for points where the 50-day SMA crosses above the 200-day SMA. These are potential Golden Cross opportunities.
- Yahoo Finance Golden Cross
TradingView for Golden Crossover stocks
TradingView is a popular charting platform that offers free and premium features. The free version is sufficient for identifying Golden Cross opportunities:
- Create a free TradingView account.
- Enter the stock symbol and open an interactive chart.
- Add the 50-day and 200-day SMAs to the chart.
- Observe the chart for points where the 50-day SMA crosses above the 200-day SMA.
- TradingView Golden Cross
Stock Screener Websites for Golden Crossover Stocks
Several free stock screener websites, like Finviz, Screener.in, and StockFetcher, allow you to filter stocks based on various criteria, including Golden Cross signals:
- Go to the stock screener.in.
- Set your criteria, including the Golden Cross (50-day SMA above 200-day SMA).
- Run the screener, and you’ll get a list of stocks that meet the criteria.
- Screener.in Golden Cross
- Below is a sample code to run on screener.in for stocks with golden crossover
Market Capitalization > 500 AND
Current price > 50 AND
DMA 50 > DMA 200 AND
DMA 50 previous day < DMA 200 previous day AND
4. Financial News Websites
Many financial news websites provide free access to basic stock data and charts, including information about Golden Crossovers. Websites like CNBC, Bloomberg, and MarketWatch often include stock charts with moving averages that you can use to identify Golden Crosses. You can also visit mind2markets.com for golden crossover stocks, Weekly golden crossover stocks.
Further Analysis on Golden Crossover stocks
While these tools can help you identify stocks with Golden Crossovers, remember that the Golden Cross is just one piece of the puzzle. Before making any trading or investment decisions, conduct thorough research, consider the stock’s fundamentals, and employ risk management strategies.
Using free tools to identify stocks with golden Crossover is a cost-effective way to incorporate technical analysis into your trading or investing strategy. With a little practice and the right tools, you can potentially spot stocks on the verge of significant price movements.
Share your experience with me through the comment box. We will publish your comments with your expertise.
More Across from our Website
We endeavor to help you to understand different aspects of a company before you invest in the company’s IPO. Learn all company insights for investment in new companies in the Indian share market 2023. To know more information about company insights for investment, business overview of companies for investment, here are some suggested readings on company insights for investment –10 Best IPOs in 2022, Tata Motors Stock Price, Tesla Stock Price Prediction 2025, Highest Dividend paying stocks, 5 best upcoming IPOs in India.