Stock Screening by Intraday Range, Price, and Relative Volume

Summary

This stock screen selects shares with an intraday high-low range above 1%, a closing price exactly at 18.5 yuan, and volume between 1.5 and 6 times its five-day average. It sorts qualifying names by turnover. The stated rationale is to find stocks showing activity and movement, potentially for short-term trading. The document sketches both a formula-style version and a Python implementation, though the example data handling is not fully consistent with the described volume calculation.

The author cautions that relative volume can fluctuate and may behave differently across stocks or industries. The screen may exclude quieter shares. Suggested additions include market capitalization, valuation, or MACD filters, but no testing establishes that these improve results. The exact price threshold is restrictive, and the document provides no historical performance, transaction-cost analysis, or risk controls, so the criteria are a screening idea rather than a validated strategy.

Key ideas

• The screen requires an intraday range above 1% and a close exactly at 18.5 yuan.
• It filters for volume between 1.5 and 6 times the five-day average.
• Qualifying stocks are sorted by turnover, with the stated aim of finding active short-term candidates.
• Relative volume can vary across stocks and industries, and the filter may omit low-activity names.
• The document suggests additional filters but provides no evidence that the screen is profitable.

Tags

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