Number of Upgraded Stocks Minus Downgraded Stocks

This market indicator returns the number of stocks upgraded by analysts minus the number of stocks downgraded. A stock upgrade occurs when an analyst increases the investment rating of a company. An upgrade often happens when the company financials and fundamentals show improvements.

Analyst downgrades or upgrades data is retrieved using the following downloader (Stock Analysts Recommendations) I have created months ago. The downloader gets the daily number of upgrades and downgrades (not historical data) and thus in order to create this composite you will need to run the downloader once a day for some weeks or months (to get enough data).

You can automate this process by enabling the auto downloader (How to automate the data downloading process).


Market Indicator Interpretation:

A positive value indicates that on that date, the number of stocks that were upgraded is higher than the number of stocks that were downgraded.
High values may indicate that a trend change is about to occur.

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