Screening for New Listings with Turnover and an Uptrend Signal

Summary

This post describes a stock screen that selects shares with turnover between 3% and 12%, a 2021 listing year, and a condition labeled as the start of a major uptrend. Its indicator reference operationalizes the trend condition with moving-average relationships and an RSI-like measure between 60 and 80. The post gives no sample, return series, or backtest, so it offers a rule specification rather than evidence that the screen works.

The author notes that market conditions can affect results and that identifying an uptrend is partly subjective. Suggested refinements include adding other technical indicators and defining trend criteria more carefully in relation to market shape and short-term direction. The listing-year filter also makes the screen tied to a specific cohort and limits its usefulness outside that context. Readers would need to resolve ambiguities in the stated rule and test it across appropriate periods before drawing conclusions.

Key ideas

• The screen combines 3%–12% turnover, a 2021 listing year, and an attempted uptrend signal.\nThe indicator example uses moving-average comparisons and an RSI-like range of 60 to 80.\nThe post describes market sensitivity and subjective trend identification as risks.\nIt recommends refining trend definitions and considering additional indicators.\nNo performance evidence or backtest is reported.

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