Screening 2021 Stocks with High Amplitude and a Morning Star Pattern

Summary

This historical stock screen combines a daily price-amplitude condition with a date filter and a morning star candlestick signal. It looks for observations from 2021 where the high-to-low range exceeds 1% under the formula shown, and where the pattern detector identifies a morning star. The article describes the pattern as a possible sign of a rebound following a decline and provides example screening logic for identifying matching records.

The document frames high amplitude as evidence of greater volatility and the candlestick setup as a potential reversal clue. It does not report how many stocks qualified, subsequent performance, or a backtest, so it provides no evidence that the screen generated profitable trades. Its discussion also cautions that chart patterns reflect market behavior rather than a company’s underlying value, and recommends considering fundamentals, other signals, and stop-loss controls. The filter is tied to a past calendar year and should not be read as a current recommendation.

Key ideas

• The screen combines a price-amplitude threshold above 1% with a morning star pattern and a 2021 date filter.
• The article treats the morning star as a possible rebound signal after a decline.
• The examples show how to identify qualifying observations but provide no performance results or backtest.
• The author cautions that technical patterns do not establish a stock’s fundamental value.
• The article suggests using additional indicators and risk controls when evaluating candidates.

Tags

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