THE POWER OF THE VECTORVEST COMFORT INDEX (CI)
VectorVest gives you powerful and easy to use tools to find the best trending stocks each day. One of VectorVest’s most powerful proprietary indicators is the Comfort Index (CI). CI is a purely technical indicator looking at the long-term price stability of a stock. It reflects a stock’s ability to resist severe and/or lengthy price declines and is based on a stock’s long-term price history.
To illustrate the amazing power of this indicator, you can use VectorVest each day to sort all stocks by CI each day. Looking through the top CI ranked stocks as of 16 June 2023, SMP.AX jumps out! With a CI score of 1.85 (on a scale of 0.00 to 2.00) tells you immediately that the price pattern is smooth. Graphing the stock confirms this. As a technical indicator, CI finds stocks with the smoothest left to right equity curves, but it will not account for any of the fundamentals.
CI (per the yellow line in the graph below) moved above 1.00 on the 22nd of December 2022 at a price of $1.005. Since then, the share has powered to over $1.65 per share and CI has continued to hold above 1.00. Notice how CI has gradually and steadily continued to power higher and higher.
For best results, look for the top CI stocks in a rising market. VectorVest advocates buying safe, undervalued shares, rising in price in rising markets.
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