Stock Screening with Daily Range, Two-Day Highs, and a Weekly Moving Average Cross

Summary

This stock screen combines three technical conditions: daily price range above 1%, a high equal to the highest high over the current and prior day, and a weekly close crossing above its 30-period moving average. The document presents these as a way to identify shares showing short-term strength and a possible rebound. It also gives formula and Python examples for expressing the conditions, but does not report a backtest, performance figures, or rules for entering and exiting positions.

The author cautions that the screen relies narrowly on recent price behavior and may return too few candidates. It may also overlook company fundamentals and future business conditions. Suggested improvements are to assess fundamentals, industry prospects, growth potential, and market risks alongside the technical filters. The document does not define how to combine those additional judgments or establish that they improve results, so the screen should be treated as a selection concept rather than a validated strategy.

Key ideas

• The screen requires a daily range above 1% and a high matching the highest level across two days.
• It also requires the weekly close to cross above its 30-period moving average.
• The document proposes adding fundamental and industry analysis to the technical filters.
• It provides no backtest evidence and warns that the narrow criteria may select too few stocks.

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