Technical analysis has always been a hit or miss for many investors. The guidelines and metrics can be as clear as day, but one must remember that the readings have to be taken with a grain of salt. Not only that, there's always the possibility of human error during analysis. Misinterpreting data and patterns or relying too heavily on specific indicators when a broader perspective would have been more ideal could result in an opposite desired outcome. Mix that with the various emotions that come from seeing the market go up and down on uncertain trade policies, and you have a recipe for disaster.
Thankfully, Barchart has an objective way of compiling trade analysis and multiple data points into a simple yet elegant presentation called Trend Seeker®. So today, let’s use Trend Seeker® in conjunction with one of my favorite income stock subsets - the Dividend Aristocrats - to evaluate which stocks have the strongest technical setups to act as a springboard for your long-term trading.
