Screening Stocks by Daily Range, Two-Day High, and Listing Age
Summary
This stock-selection note proposes filtering equities by three conditions: a daily range above 1%, a current high equal to the highest high over the current and previous sessions, and listing age above an unspecified threshold. The range is calculated relative to the prior close. Together, the range and high condition seek shares showing activity and a short-term breakout, while listing age excludes newer listings.
The note describes the screen as a technical and listing-history filter, and suggests supplementing it with indicators such as RSI or MACD and fundamental measures such as valuation. It acknowledges that ignoring company fundamentals can leave important risks unaddressed and that the criteria may narrow the candidate pool. The threshold for listing age is left as “XXX,” and no selected stocks, backtest, benchmark, or performance evidence is supplied. The code is illustrative and platform-dependent, so the calculation and data conventions would need validation before use.
Key ideas
- The screen selects stocks whose daily range exceeds 1% of the prior close.
- It requires the current session’s high to match the highest high across two sessions.
- A minimum listing-age condition is included, but its threshold is unspecified.
- The note recommends combining the technical screen with fundamental measures and recognizes the absence of company-level analysis.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.