Screening for Seven-Day Declines with Amplitude and Turnover Filters

Summary

This stock screen combines daily price weakness with trading activity: it selects shares with an amplitude above 1%, turnover above 2% and below 9%, and seven consecutive sessions in which the close is lower than the prior close. The document frames this as a way to find weakly trending stocks with relatively active trading. It includes indicator logic and sample implementation references, though the code’s turnover and price calculations may not align precisely with the stated screening thresholds.

The post offers no performance results or backtest evidence. It cautions that a seven-day decline can exclude stocks that are beginning to rebound, and that technical conditions alone omit company fundamentals and broader market influences. It suggests adding other technical indicators and fundamental or industry data, but does not specify or test those additions.

Key ideas

• The screen requires daily amplitude above 1% and turnover between 2% and 9%.\nIt selects stocks whose closing price fell for seven consecutive sessions.\nThe method is a technical filter for recent weakness and does not establish that declines will continue.\nThe document warns that the screen may miss rebounds and ignores fundamental and broader market factors.

Tags

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