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this stock has broken 8 and 21 days SMA and about to touch 50 day. yet the SCTR rating is 99.99 for this stock. can somebody explain why it is so high?
I would guess AMD retains its high ranking because the increase before the recent decline outweighs the drop in the calculation. That is, AMD advanced a lot more than its peers, so the decline still leaves it ahead.
As the chart school article says,
"As with all technical indicators, SCTRs are designed to be used in conjunction with other indicators and analysis techniques. SCTRs are not designed as stand-alone indicators."