Screening Main-Board Stocks for Intraday Strength and Trading Activity

Summary

This note presents a technical equity screen for main-board stocks. Its core conditions are intraday range greater than 1, current trading volume above 10,000 lots, an opening price above the previous close, and a daily gain greater than 1%. The rationale is to identify active stocks showing short-term strength through both price movement and trading activity.

The document includes a formula-like expression and a Python example, though the example does not clearly implement every stated condition: it checks an open-versus-close relationship and does not calculate the stated range or volume threshold. It offers no backtest or performance evidence. The author notes that a price-only screen can miss fundamental, industry, and macroeconomic risks, and suggests adding valuation, profitability, and longer-term trend measures. Those additions are proposals, not validated improvements.

Key ideas

• The stated screen combines an intraday range threshold, high volume, a gap up, and a daily gain above 1% for main-board stocks.
• The rationale is to find active equities with short-term price strength.
• The Python example omits or differs from some of the stated screening conditions.
• The document reports no performance evidence and flags exposure to fundamental and broader market risks.

Tags

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