Recognia automatically interprets the chart based on some 50+ different technical studies and chart patterns, each giving off their own independent signals about whether the stock may be bullish or bearish. With so many technical analysis methods that all use different approaches, it is sort of like talking to different experts who might have different opinions. In the end, we leave it to the investor to pull all this information together, along with other information out there such as news and financials, to come to your own conclusion about whether to buy or sell. Most people do not make a trading decision based on a single Recognia chart pattern, but use it as one extra piece of information.
The default Summary tab shows all Technical Events including a mix of short-term, intermediate-term and long-term time horizons. If you choose another tab to focus on a particular time horizon, the balance of bullish and bearish signals may (or may not) become clearer. Sometimes the stock could be giving off several long-term bullish signals, but in the short-term there are primarily bearish signals. When there is still a mix of signals, this could be a message to be cautious as the stock may be going through a period of uncertainty.
Investors tend to use the Technical Event Lookup to quickly assess whether technical analysis agrees with their view of a stock before they place their trade. Others will take a closer look at specific Technical Events, read the educational material to understand the story they are telling about the behavior of the stock price, and decide which types of patterns and indicators they will put their faith in. It is important to reiterate that one should not use the analytics in isolation. For example if the market is falling, bullish patterns, regardless of how good they seem, will be hard-pressed to overcome the overall market down move.
