How the Flash Finance technical score is calculated

The technical score summarises the current condition of a stock's chart on a 0-100 scale. It is built from five components worth 20 points each, and every rule, with the points it earned, is shown on each stock's Technical Setup page. The score is therefore an audit trail rather than a verdict: you can see exactly why a stock scored 72 and not 85. It describes the chart as it is today. It is not a forecast.

1. Trend (20 points)

• Close above the 20-day EMA: 3
• 20-day EMA above the 50-day EMA: 3
• 50-day EMA above the 200-day EMA: 3
• Close above the 200-day SMA: 3
• SuperTrend (10, 3) pointing up: 3
• ADX(14) at least 20 with +DI above −DI: 3 (1 point if ADX is below 20, i.e. no strong trend either way)
• Weekly trend up (above a rising 30-week average): 2

2. Momentum (20 points)

• RSI(14): 6 points between 55 and 70, 4 above 70 or between 50 and 55, 2 between 40 and 50, 0 below 40
• MACD line above its signal line: 4
• MACD line above zero: 3
• 12-day rate of change positive: 3
• Stochastic %K above %D: 2
• Outperforming the Nifty 50 over three months: 2

3. Volume (20 points)

• On-balance volume rising over 20 sessions: 5
• Chaikin Money Flow (20): 5 above +0.05, 3 above zero
• More volume on up days than down days over 20 sessions: 5
• Close above the 20-day VWAP: 5

4. Volatility (20 points)

• Average true range as % of price: 6 points at or below 2.5%, 4 up to 4%, 2 up to 6%, 0 above
• Price in the upper half of its Bollinger Bands (%B 0.5-1.0): 5 (3 above the upper band, 2 for %B 0.2-0.5)
• Drawdown from the 52-week high: 5 within 10%, 3 within 20%, 1 within 35%
• 20-day volatility below its 6-month median (contracting): 4

5. Support and resistance (20 points)

• Room to the next resistance: 5 points at 8% or more, 3 at 4%, 1 at 2%
• Nearest support close below (a definable stop): 5 within 5%, 3 within 8%, 1 within 12%
• Broke above a 20-day high in the last five sessions: 5
• Within 5% of the 52-week high: 5 (2 within 15%)

Labels

75 and above: Strong bullish · 60-74: Bullish · 40-59: Neutral · 25-39: Bearish · below 25: Strong bearish.

Data and limits

Computed every trading evening from end-of-day NSE prices for about 2,400 NSE-listed stocks (BSE-only companies are not scored). A session is used only once at least 70% of active stocks carry it, so a half-updated day is never scored. Intraday moves are not reflected until the evening build. The weights are a design choice, fixed in advance and not optimised on past returns. That is deliberate: a score tuned to fit history would look better in a backtest and generalise worse.