Screening Stocks by Intraday Range, Volume, Gap-Up, and Consecutive Limit-Ups

Summary

This note presents a short-term Chinese stock screen using a daily price range above 1%, current volume above 10,000 lots, a gap-up open, and three consecutive prior limit-up sessions. It interprets range and volume as signs of activity, the opening gap as possible upward momentum, and repeated limit-ups as evidence of strong market attention. It also suggests broadening the screen with fundamentals, industry context, and other technical measures.

The document provides example formulas and Python guidance, but reports no historical backtest or return evidence. It warns that the approach emphasizes short-term price action and sentiment while omitting company fundamentals and longer-term trends; consecutive limit-ups do not guarantee improving company value. Some formula and code details do not clearly align with the stated conditions, so they need validation before use. The screen may select volatile or speculative stocks and should not be treated as a complete risk-managed strategy.

Key ideas

• The screen combines daily range, current volume, a gap-up open, and a run of three limit-up sessions.
• The method targets active stocks with short-term momentum and strong market attention.
• The note recommends adding fundamentals, industry context, and other technical factors.
• It cautions that limit-up streaks do not establish company value or lasting strength.
• No backtest evidence is provided, and the implementation examples require validation.

Tags

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