Screening Stocks by Price Range, MACD, and Market Popularity

Summary

The proposed stock screen selects shares with an intraday high-low range greater than one percent of the prior close, requires MACD to cross above its zero line, and ranks qualifying names by a popularity measure. The author interprets the range condition as a sign of volatility and the MACD condition as a bullish signal, aiming to identify stocks with near-term movement and market attention.

The document warns that this short-term approach omits company fundamentals and industry prospects, and that popularity can shift with outside events. It suggests adding fundamental and industry considerations, but gives no rules for doing so. The page includes indicator and data-processing examples, though the described popularity ranking and sample data source are not clearly aligned. It offers no backtest, performance statistics, or execution rules, so the screen should be understood as a rough selection heuristic rather than validated evidence of an edge.

Key ideas

• The screen requires a high-low range above one percent of the previous close and a MACD cross above zero.
• Candidates are sorted by a measure of stock popularity.
• The method focuses on short-term movement and attention while omitting fundamentals and industry conditions.
• Popularity may change quickly, and the document provides no backtest or evidence of profitability.

Tags

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