Screening Stocks for Turnover, Seven Down Days, and Daily Range
Summary
This note describes a stock screen combining turnover between 3% and 12%, seven consecutive sessions in which the close is below the open, and a price-range condition above 1. It frames the pattern as a way to look for a possible rebound among stocks that have fallen while showing room for movement. The document includes formula and Python examples for expressing the filter.
The setup is a technical screen rather than a demonstrated trading system: it gives no backtest, performance results, entry or exit rules, or position sizing. The author warns that a persistent decline may continue and that any bounce may be temporary. The range calculation and turnover conditions are screening criteria only; they do not establish that a security has stabilized. The note suggests supplementing technical conditions with other technical or fundamental analysis, but does not specify or evaluate those additions.
Key ideas
- The screen requires turnover between 3% and 12%.\nIt looks for seven consecutive sessions with closes below their opens.\nA price-range measure must exceed 1 under the described selection logic.\nThe setup seeks potential rebounds but offers no performance evidence.\nA continuing decline or short-lived bounce can undermine the idea.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.