A plain-English guide to our methodology, data sources, signals, and what this site can (and cannot) do for you.
TechnoFunda is a free, automated, daily stock market analysis website covering 16 global markets. Every day, after market close, our system fetches end-of-day price data and runs a set of momentum and technical analysis calculations across thousands of stocks in each country.
The results are published as static HTML pages โ no login required, no subscription, no paywalls. Just clean, data-driven analysis you can read and act on.
The goal is simple: help everyday investors quickly identify which stocks are showing strong momentum, improving trends, and buy signals โ across any market in the world.
The core of TechnoFunda is Relative Strength (RS) analysis โ a well-established technique used by professional fund managers worldwide. RS measures how a stock is performing compared to a benchmark (usually the index ETF for that country's market).
A stock with high RS is outperforming the market โ it's going up more than the index when markets rally, and falling less than the index during pullbacks. These are the stocks that tend to lead bull markets.
We combine RS with several supporting technical indicators to produce a composite view of each stock's momentum health.
Every stock in our reports receives one or more signal labels based on how many technical conditions it meets. Here is what each signal means:
| Signal | What it means | Conditions required | Strength |
|---|---|---|---|
| ๐ Prime | The highest quality signal on the platform. A stock that is simultaneously showing top-tier relative strength, a healthy uptrend, and a confirmed buy signal. | High RS rank + uptrend (above 50/200-day MA) + SuperTrend Buy + additional confirmations | Strongest โ look here first |
| โ Confirmed | A strong signal โ good relative strength with trend confirmation. Solid candidates for further research. | Good RS rank + trend above at least one key MA + SuperTrend Buy | Strong |
| ๐ RS Buy | A stock that has recently made a new high in its RS line โ meaning it's beginning to outperform the market. Often an early signal before a full breakout. | RS line made a new 52-week high recently | Early / watch list |
The entire pipeline runs automatically every day after market close. Here is what happens behind the scenes:
We use free, publicly available data sources. All data is end-of-day (delayed) โ we do not use real-time or intraday data.
No. TechnoFunda is a data and analysis tool for educational purposes only. Nothing on this site is financial advice. We are not licensed investment advisers. The signals, rankings, and scores shown are the output of a technical algorithm โ they indicate momentum, not future returns. Always consult a qualified financial professional before making investment decisions.
Reports are updated once per day, after market close. The exact time depends on the country โ data for US markets is typically ready a few hours after 16:00 ET. Weekends and public holidays are skipped. Data is always end-of-day; there is no intraday or real-time data.
Relative Strength (RS) measures how a stock's price change compares to a benchmark (usually the country's main index ETF) over a given time period. A stock with an RS score of 80 means it has outperformed 80% of all other stocks in that market over the measurement period.
RS matters because academic research and decades of practitioner experience show that stocks with high recent RS tend to continue outperforming in the near future โ a phenomenon known as momentum. This is not guaranteed, but it is one of the most robust patterns in financial markets.
SuperTrend is a technical indicator that uses the Average True Range (ATR) to set a dynamic trailing stop. When price is above the SuperTrend line, the signal is Buy. When it falls below, the signal switches to Sell. It is particularly useful for identifying the direction of a trend, not just its strength.
We use it as one of several inputs to our signal logic โ a stock needs strong RS and a SuperTrend Buy signal to qualify for our Confirmed or Prime signals.
Up to 500 stocks per country, depending on how many liquid stocks are listed on that country's exchange. Smaller markets like New Zealand may have fewer stocks. The universe is defined by a curated stock list for each exchange that we maintain.
The current version of TechnoFunda is primarily designed for identifying long-side momentum opportunities โ stocks going up. The signals are bullish by design. In bear markets, most signals will be sparse or absent, which is itself useful information (it tells you the market is weak).
Short-side analysis and bear market tools are on the roadmap for future development.
There are several reasons a value might be missing: the stock may not have enough price history for the calculation, Yahoo Finance may not have data for that field, the stock may have had a data issue (split, delisting, etc.), or the value is genuinely not applicable (e.g. P/E for a company with negative earnings).
We handle these gracefully by showing N/A rather than displaying incorrect data. If you see many N/A values for a specific stock, it may be worth checking whether Yahoo Finance has reliable data for it.
Partially. We include some fundamental data (market cap, P/E, EPS growth, revenue growth, dividend yield, etc.) where Yahoo Finance makes it available. However, TechnoFunda is primarily a technical and momentum analysis tool. For deep fundamental analysis, we recommend combining our signals with a dedicated fundamental data source.
Not financial advice. All content on TechnoFunda is for educational and informational purposes only. Nothing on this website constitutes financial advice, investment advice, trading advice, or any other type of advice. We are not registered investment advisers or brokers.
Past performance is not a guarantee of future results. Technical signals and momentum rankings reflect historical price data. They do not predict the future. Any stock highlighted on this site could decline in value, including to zero.
Do your own research. The signals on this site are starting points for your own research โ not buy or sell recommendations. Before making any investment decision, carefully consider your financial situation, risk tolerance, investment goals, and consult a qualified financial professional.
Data accuracy. We source data from Yahoo Finance and other publicly available sources. While we apply validation checks, we cannot guarantee the accuracy, completeness, or timeliness of any data displayed. Do not rely solely on our data for trading decisions.
No liability. TechnoFunda and its creators accept no responsibility or liability for any investment decisions made based on content displayed on this website. You use this site at your own risk.