Mean Reversion Screens - Stocks nearing Resistance Line
This screen finds stocks approaching a strong resistance line where there may be opportunities to short the stock.
Mean Reversion Stock Screener
Use the stock screener to find mean reversion trading ideas
Support and Resistance Stock Screener and Trading Strategies
The Stock Screener supports different support and resistance trading strategies. Some examples are listed in this article.
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Resistance: close 3% from R1
The stock should be trading maximum 3% below the resistance line.
Resistance Length: R1 Length > 50
The resistance line should have a minimum length of 50 days.
ETF: none
This will filter out the ETFs.
Price: Above 5
The minimum price should be above 5.
Average Volume: 50 SMA > 500K
The minimum average daily volume should be at least 500K.
Exchange/Fund: US Only
This will filter out all non-US stocks.
Resistance Strength: R1 Strength > 4
The resistance line should have a minimum strength of 4. This means that the line was tested at least 4 times in the past.
The support and resistance lines are shown on the charts.
Regional Run
Run this screen in your favorite region. You can always further fine tune the screen by changing the general settings after it opened in the screener.