Technical Analysis Guides

Practical explanations with worked calculations, each linked to a live scanner that applies the idea to current market data.

Mastering Market Analysis with Technical Indicators

Technical analysis is the study of historical price movement and volume to assess market psychology and the balance between institutional supply and demand. Rather than guessing turning points, professional market participants utilize mathematical indicators to identify high-probability setups, establish objective risk boundaries, and remove emotional bias from trading decisions.

The 3-Pillar Framework for Reliable Setups

Relying on a single technical indicator in isolation frequently generates false signals during strong trends or choppy consolidation ranges. Stock Monitor Pro organizes market screening around three complementary technical pillars:

1. Trend Direction (Exponential Moving Averages): Before assessing momentum, determine the prevailing institutional trend. Stocks trading above an upward-sloping 200-day EMA reflect sustained accumulation. The 20 and 50 EMAs outline dynamic pullback zones for swing entries.
2. Momentum & Exhaustion (RSI & MACD): The 14-day Relative Strength Index highlights overextended price swings. When an oversold reading (RSI < 30) converges with a bullish MACD histogram crossover, it indicates that selling velocity is slowing down and momentum may be shifting upward.
3. Structural Levels (Support & Resistance): Dynamic moving averages and historical swing highs and lows mark key price levels where market liquidity congregates. Confluence between support zones and momentum exhaustion offers asymmetric risk-to-reward opportunities.

Core Guides & Live Market Screeners

Explore our detailed educational guides below. Each article includes step-by-step mathematical calculations, practical chart interpretation rules, common pitfalls to avoid, and direct links to live automated market screeners:

What Is the Relative Strength Index (RSI)?Learn what RSI is, see a worked 14-day calculation step by step, what RSI 30 and 70 really mean, and how to use RSI without falling for false signals. What Is MACD (Moving Average Convergence Divergence)?MACD explained: how the MACD line, signal line and histogram are built, what a bullish MACD crossover is, and when MACD signals are unreliable. What Is an Exponential Moving Average (EMA)?How an exponential moving average is calculated (worked example), how it differs from an SMA, and how traders use the 20, 50 and 200 EMA to read trend. Support and Resistance: How to Find the LevelsWhat support and resistance are, how to identify them from swing highs and lows, moving averages and volume, and how to avoid common mistakes. Oversold stocks today (RSI < 30)Live list of stocks with the lowest 14-day RSI. Overbought stocks today (RSI > 70)Live list of stocks with extended bullish momentum. MACD crossover stocksStocks whose MACD histogram recently turned positive. Golden Cross stocks (50 > 200 EMA)Stocks in confirmed institutional uptrends with 50 EMA above 200 EMA. EMA screenerStocks above their 20, 50 and 200 EMA. Support & resistance scannerStocks trading within 5% of their 200-day EMA support level. TSX stock scannerRSI, MACD and EMA for Canadian stocks in CAD. Full Stock Directory (450+ Tickers)Browse all US and Canadian stocks with live technical indicators. How Stock Monitor Pro worksHow the indicators and AI features are calculated.

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Educational content only, not investment advice. Worked examples use illustrative numbers. See our disclaimer.