Selecting Stocks by Amplitude and Opening Auction Amount

Summary

This stock screen looks for shares with amplitude above one and ranks eligible stocks by the day’s opening auction amount, selecting the top five while excluding the STAR Market. The article frames auction activity as a way to find stocks attracting market attention and amplitude as a filter for price movement. It also offers brief indicator references and sample code, but does not provide a test of the rules or evidence that auction activity predicts later returns.

The author warns that a high level of attention can reflect speculation rather than company value, creating a risk of following a crowded trade. Suggested improvements include reviewing fundamentals and financial data, and adjusting the amplitude and auction-amount conditions. The screen itself does not define trade timing, exits, position sizing, or how to handle changing eligibility during the session. Its stated rules are therefore a basic candidate-selection approach, not a demonstrated investment strategy.

Key ideas

• The screen selects stocks with amplitude above one and the highest opening auction amounts.
• It excludes STAR Market stocks and selects the top five by auction amount.
• The article warns that market attention may reflect speculation rather than underlying value.
• It provides no performance tests and leaves trade execution and risk controls unspecified.

Tags

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