Strong Stocks Nearing Resistance Line

Strong Stocks Nearing Resistance Line Image
RUN IN STOCK SCREENER
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Stocks with high relative strength, nearing a predefined resistance line (close < 3% from resistance)


Stock Screener Settings

Average Volume: 50 SMA > 500K

to ensure enough liquidity

Resistance: close 3% from R1

close to predefined resistance levels

Resistance Length: R1 Length > 50

The length of a line specifies how long the resistance is, expressed in the same unit as the time frame.

Exchange/Fund: US Only

Personal Preference

Price: Above 5

Minimum Price filter

Signal: Strong Stocks

A high relative strength and a consistent performance over the last year

Resistance Strength: R1 Strength > 2

The strength is determined by measuring how many times the resistance line has been tested in the past.

RUN

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.