Rising Lows and Opening Prices Near the 10-Day Average

Summary

This stock screen looks for a daily range above 1%, rising bottoms, and an opening price within 5% of the 10-day moving average. The intended logic is to combine active price movement with improving support and an opening level near a short-term trend reference. The article presents the conditions as a technical way to filter stocks and suggests refining them with additional indicators such as MACD or KDJ, as well as fundamental and capital-flow information.

Formula and Python examples are included, but the implementations do not establish a clear, consistent definition of rising bottoms or daily amplitude. One example uses price dispersion as a proxy for amplitude, which may not match the stated condition. The document supplies no backtest, performance evidence, entry or exit plan, or portfolio rules. It also warns that the 10-day average can be crossed, potentially reducing the screen’s usefulness. The proposal is therefore a starting point for a tested screening rule, not a validated trading system.

Key ideas

• The screen requires a daily amplitude above 1% and a rising-bottom pattern.
• It looks for an opening price within 5% of the 10-day moving average.
• The article proposes adding other technical, fundamental, and capital-flow information.
• The examples leave the amplitude and rising-bottom calculations unclear and should be checked.
• No backtest or trading-performance evidence is provided.

Tags

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