Stage Analysis Technical Attributes Scores – Nasdaq 100
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The Stage Analysis Technical Attributes (SATA) score is our proprietary indicator that helps to identify the four stages from Stan Weinstein's Stage Analysis method, using a scoring system from 0 to 10 that rates ten of the key technical characteristics that we look for when analysing the weekly charts.
We last covered the weekly SATA scores for the Nasdaq 100 back on 24th July, which gives a rough guide of the Stages of the individual stocks within the Nasdaq 100. i.e. everything above a 7 would be considered in the Stage 2 zone (Strong), 4-6 in the Stage 1 or Stage 3 zone (Neutral), and 3 or below is the Stage 4 zone (Weak).
Currently the Nasdaq 100 consists of:
46% Stage 2 zone (Strong)
29% Stage 1 or Stage 3 zone (Neutral)
24% Stage 4 zone (Weak)
1% has no SATA score yet
Nasdaq 100 weekly SATA Score: 8 (Strong), daily SATA Score: 2 (Weak)
Percentage of stocks with a technically healthy SATA Score (6+): 54%
Compared to the 24th July post there are -15% less stocks in the Stage 2 zone, +3% more stocks in the Stage 1 or Stage 3 zone, and +12% more stocks in the Stage 4 zone, and the overall weighting has shifted back towards a more Neutral position of the bell curve, with 54% of the Nasdaq 100 stocks in a technically healthy position (based on their SATA score data). So that's decline of 18% in the last 2 weeks, as it was previously at 72%.
Below are the updated SATA data tables for the Nasdaq 100, sorted in three different ways to help you see the technical positions as well as relative strength and the SATA changes. As each gives a different perspective.
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