Rank a Stock’s Technical Score with MarketXLS

The RankTechnical function is designed to help you quickly obtain an at-a-glance technical score for a given stock symbol, right inside Excel. By returning a numeric score, it simplifies screening and comparison for short-term momentum and other technical indicators such as RSI, MACD, Volume, and more—enabling you to make more informed trading and investment decisions.

Why Use This Function?

• Quickly gauge a stock’s technical strength with a single formula.
• Save time by automating the retrieval of a technical ranking score.
• Combine with other MarketXLS functions or Excel formulas for powerful screening or watchlist dashboards.
• Identify possible short-term opportunities or confirm signals from other technical indicators.
• Easily compare multiple symbols side by side for more effective market analysis.

How to Use in Excel

Simply type the following formula into any cell in Excel:

=RankTechnical(Symbol)

1. Replace Symbol with the desired stock ticker (e.g., "AAPL" or "MSFT").
2. Press Enter, and Excel will display the numeric score for that symbol’s technical status.
3. If the symbol is invalid or an error occurs, the function returns "NA".

Ensure you have a valid MarketXLS license and that you are logged in so the function can properly retrieve data.

Parameters Explained

• Notes on Output:

• Typically returns a numerical score representing the stock’s technical rank.
• If data is unavailable or if a network error occurs, "NA" is displayed.

Example Usage

Basic Examples

1. =RankTechnical("AAPL")

   • Retrieves the latest technical score for Apple, Inc.
   • Excel displays a numeric value (for example, 78.45) if valid data is found. Otherwise, returns "NA".

2. =RankTechnical("MSFT")

   • Shows Microsoft’s technical ranking.
   • Useful for comparing with AAPL or any other ticker side by side.

3. =RankTechnical("TSLA")

   • Evaluates Tesla’s short-term technical status.
   • Recognize if the ticker is especially volatile or trending strongly.

Advanced Scenarios

1. Combining Multiple Rankings:

   • Suppose you want to see how technical rank compares among different symbols: =IF(RankTechnical("AAPL") > RankTechnical("MSFT"), "AAPL Stronger", "MSFT Stronger")
   • This approach helps build dynamic watchlists or custom trading dashboards where one cell compares multiple stocks.

2. Integrate with Fundamental Scores:

   • Combine RankTechnical with fundamental ranking formulas (e.g., a custom value or quality score) to get a broader picture of a stock’s overall health: =RankTechnical("GOOGL") + SomeOtherValueFunction("GOOGL")
   • This can highlight both short-term momentum and long-term valuation in one place.

3. Trading Strategy Examples:

   • Use the returned technical rank alongside other signals (like RSI, MACD, ADX) to initiate or exit positions.
   • Example: =IF(AND(RankTechnical("MSFT")>70, RSI("MSFT")>70), "Potential Overbought", "Hold")
   • This helps refine your entries and exits if the stock appears overextended.

Common Questions and Troubleshooting

1. “Why am I getting ‘NA’ instead of a score?”

   • Confirm you typed a valid ticker symbol.
   • Ensure your MarketXLS license is valid and properly activated.
   • Check if there is a temporary network or data access issue.

2. “The numeric score changes frequently. Why?”

   • Technical measurements often update in real-time or based on daily data. Fluctuations in indicators (e.g., volume, moving averages) can affect the score.

3. “How do I use this function for multiple symbols at once?”

   • Simply reference different cells with different symbols. For example, if cell A2 has “AAPL”, you can use =RankTechnical(A2), and so on.

4. “Can I combine RankTechnical with other Excel functions?”

   • Yes. Functions like IF, AVERAGE, or VLOOKUP can be used along with RankTechnical to create quick comparisons, watchlists, or conditional rules.

Remember:

• The function returns a ready-to-use number to gauge a stock’s short-term technical posture.
• Always verify questionable values and cross-check them with additional indicators.
• Market conditions can change quickly, so regularly refresh or automate updates to ensure you have the latest data.

Leverage the RankTechnical function to streamline your technical analysis process in Excel. With its numeric output, you gain a clear, comparable measure, making it easier to sift through numerous stocks and spot opportunities faster—without jumping between multiple platforms.