A Stock Screen Combining Intraday Range, Turnover, and Price Recovery

Summary

This document describes a technical stock screen that combines three conditions: daily amplitude above a stated threshold, prior-day actual turnover between 3% and 28%, and a close above the previous day's low. It presents the combination as a way to find active stocks that may be rebounding over a short horizon, and includes sample formula and Python implementations.

The post gives no backtest, performance statistics, or evidence that the screen predicts returns. It explicitly notes that the rules omit company fundamentals and longer-term trends, and that selected stocks may diverge from intrinsic value or fare poorly in a weak market. The sample code is illustrative and may need adjustment; the document recommends combining technical and fundamental analysis before using the screen.

Key ideas

• The screen selects stocks using daily amplitude, prior-day turnover, and a close above the previous low.
• The post frames the conditions as measures of activity and short-term price recovery.
• It provides example implementations but reports no empirical performance results.
• The rules omit fundamental valuation and longer-term trend information.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.