StocksCharts maintains and publishes the Bullish Percent Index for over a dozen indices and sectors. The Bullish Percent Index, or BPI, is a breadth indicator that shows the percentage of stocks on Point & Figure Buy Signals. There is no ambiguity on P&F charts because a stock is either on a P&F Buy Signal or P&F Sell Signal. The Bullish Percent Index fluctuates between 0% and 100%. In its most basic form, the Bullish Percent Index favors the bulls when above 50% and the bears when below 50%. BPI is also considered overbought when above 70% and oversold when below 30%.
Symbol Group: Bullish Percent Indices Publisher: StockCharts Update Frequency: End of Day (EOD).
These indicators are updated after
the market close, usually by 6:00 PM ET. Current Symbols: Catalog link
StockCharts uses a three-step process to calculate the BPI indicators. First, StockCharts maintains component lists for these indices. Second, our scan-engine uses these component lists to run scans based on the price data for the individual stocks. Third, the data is then updated and published to our website.
This “in-house” data may differ from other sources due to differences in the index components and price data. Index components change and require updates on a regular basis. Also note that StockCharts uses dividend-adjusted data for its calculations, while other sources may use non-adjusted data.
Click here for a current list and to see the starting date for these symbols. The example above shows a partial list of symbols. Note that the starting dates are shown in the symbol catalog under the “first data point” column.
The Bullish Percent Index symbols start with “$BP”. Users can also find the Bullish Percent Index by searching for “$BP” or “bullish and percent and index” in the symbol catalog (without quotations). The “and” ensures that each term is required.