Stock Screen Using Daily Range, Trading Activity, and a Lower Low

Summary

This screen selects stocks whose intraday high-low range exceeds 1%, whose reported trading volume exceeds 60 million, and whose current low is below the prior day’s low. The post characterizes these conditions as signs of elevated price movement and trading activity alongside a decline that might precede a rebound. It includes example formulas and a short data-selection workflow, and suggests adding fundamental measures and technical conditions such as moving-average turns.

The document cautions that price and volume signals alone omit company fundamentals and that volatile stocks can carry substantial risk. It gives no backtest, return evidence, or precise validation of the proposed rebound premise. There is also an ambiguity in the examples: the prose describes yesterday’s trading amount, while the formulas appear to test volume, and the sample code does not clearly align each field with the intended day. These details would need clarification before implementation.

Key ideas

• The screen combines a daily range threshold, a trading-activity threshold, and a new lower low.
• The proposed interpretation is that active, declining stocks may offer rebound opportunities.
• The post recommends adding fundamental and technical filters.
• It warns that short-term price and volume conditions do not capture fundamental risks.
• The examples do not clearly implement the stated prior-day trading-amount condition, and no performance evidence is shown.

Tags

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