Screening Stocks by Turnover, Prior-Day Trading List, and Rising Averages

Summary

This stock screen selects equities with turnover in a stated range, a prior-day appearance on a market trading activity list, and upward-moving averages. The detailed conditions also require a listing history exceeding one year, a close above its ten-day average, and a five-day average that has risen from the prior session. The document includes example formula and Python references for expressing these filters.

The article describes the combination as a way to consider liquidity, market attention, and price direction, but it offers no backtest results or evidence that these features predict returns. It warns that the screen omits fundamentals and industry distribution, and that moving-average signals lag price moves. It recommends reviewing other technical and fundamental measures alongside the screen. The listing and turnover fields, as well as the definition of upward divergence, would need consistent treatment when reproducing the examples.

Key ideas

• The screen combines a turnover range with a prior-day trading activity list appearance.
• It requires the closing price to be above its ten-day average and the five-day average to be rising.
• The detailed conditions also require more than one year of listing history.
• The article warns that moving averages lag and that the screen omits fundamental and industry factors.

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