Up Close

1) open is in the bottom 20% of the daily range, 2) close in the top 20% and 3) the daily range is greater than the 14 day average true range.

FTSE100 stocks for 16 Apr 2021

Other LSE stocks for 16 Apr 2021

Scan criteria:

  • close in top 20% of daily range
  • open in bottom 20% of daily range
  • daily range > 14 day average true range
  • volume greater than 20 day average volume
  • 20 day average volume over 300,000
  • last closing price > 0.39 GBP

Down Close

1) Open is in the top 20% of the daily range, 2) close in the bottom 20% and 3) the daily range is greater than the 14 day average true range.

FTSE100 stocks for 16 Apr 2021

No results found for this scan

Other LSE stocks for 16 Apr 2021

Scan criteria:

  • open in top 20% of daily range
  • close in bottom 20% of daily range
  • daily range > 14 day average true range
  • volume greater than 20 day average volume
  • 20 day average volume over 300,000
  • last closing price > 0.39 GBP

Notes

Popular day trading strategy because its deemed to have a high probability of a follow through in the same direction at the open of the next session. However, watch out for a possible midday reversal.

See also:-

LSE Short-term pattern scans:-

LSE Medium-term pattern scans:-

LSE Medium-term trend pivot point scans:-

LSE Medium-term trend change scans:-

NB. Our scans are inspired by eminent traders and speculators of the present and past!