Screening Stocks with Weekly Moving-Average Crosses and Confluence
Summary
This stock-screening idea combines a daily price-range filter with a weekly moving-average condition. It seeks shares whose high-to-low range exceeds one percent, whose weekly five-period average crosses above the ten-period average, and whose moving averages show substantial overlap. The stated aim is to find stocks with potential upward momentum. The article also gives a rough implementation outline based on daily and weekly price data.
The document offers no backtest, return figures, benchmark, or detailed definition of how moving-average overlap should be measured. Its code sketch appears inconsistent with the described crossover condition, checking price against an average and counting repeated average values instead of explicitly confirming a cross. The author notes market and single-stock risks and cautions that average overlap may be temporary. Fundamental analysis and further screening are suggested, but not evaluated.
Key ideas
- The screen combines a daily range threshold with weekly moving-average conditions.
- It uses a five-period and ten-period weekly average crossover as a trend filter.
- The article proposes overlap among several averages as an additional selection condition.
- It provides no performance study and flags market, stock-specific, and signal-persistence risks.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.