Stock Screening by Prior Turnover and the 9:25 Price Change

Summary

This stock-selection idea filters for shares with prior-day turnover above 60 million and a price gain at 9:25 below 6%, then orders candidates by descending capital strength, described in the post as favoring larger transaction amounts. The post frames the screen as a way to find actively traded stocks while avoiding names that have already risen too sharply before the open.

The document also acknowledges that price and turnover filters omit company fundamentals and cannot reliably predict subsequent returns. It suggests adding financial measures or other indicators, but supplies no tested enhancement or evidence that the screen has an edge. A code example is incomplete and contains questionable indicator references, so it does not establish a reproducible implementation. The stated thresholds describe this particular proposal; the post provides no backtest, risk-adjusted results, execution assumptions, or evidence about how the screen behaves across market conditions.

Key ideas

• The proposed screen requires prior-day turnover above 60 million and a 9:25 price gain below 6%.
• Candidates are ranked by descending capital strength, which the post associates with larger transaction amounts.
• The approach relies on activity and price movement and does not include fundamental analysis.
• The post warns that these filters cannot reliably forecast price direction or prevent losses.
• No valid backtest or complete implementation is provided to support the strategy’s effectiveness.

Tags

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