Mean Reversion Screens - Stocks nearing Resistance Line

Mean Reversion Screens - Stocks nearing Resistance Line Image
RUN IN STOCK SCREENER
(52)

This screen finds stocks approaching a strong resistance line where there may be opportunities to short the stock.


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Stock Screener Settings

Resistance Length: R1 Length > 50

The resistance line should have a minimum length of 50 days.

Average Volume: 50 SMA > 500K

The minimum average daily volume should be at least 500K.

ETF: none

This will filter out the ETFs.

Exchange/Fund: US Only

This will filter out all non-US stocks.

Resistance: close 3% from R1

The stock should be trading maximum 3% below the resistance line.

Price: Above 5

The minimum price should be above 5.

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.

RUN
Chart Settings

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.