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A scan to detect possible well-informed buying
Here's a bottom feeding scan to detect possible well-informed buying in sold out stocks, such as Wyckoff might be interested in:
[group is sp500] // or your group, sector or list of interest
and [min(10,Fast Stoch %K(251,1)) < 20] // stock is near low of 52 week range
and [Streak Up(close) > 4] // 5 or more consecutive days of buying.
and [max(10,volume) > max(10, sma(20,volume))] // volume is meaningful
Price itself may move significantly soon after a hit, or many weeks later. The scan only shows big money interest, not necessarily readiness to move. It's more a scan to fill out a watch list, than a scan to act on right away. Run for scan date July 23, 2025 to see examples. Many dates will return "no data" because it doesn't happen all the time.
Also try it for May 16, 2025, but for [group is sp600], see esp BKE, KSS already launched; PRAA, VSCO possibly on the launch pad.
p.s. reviewing past results from other dates, I would add, the chart should show at least one form of relative strength to get on your list - rising $SYMBOL:$INDUSTRY, rising $INDUSTRY:$SECTOR or rising Force(251). Also, before entering, it helps if the stock has a period of ranging just above the 251 lower channel on the daily chart. That is the Wyckoff accumulation phase. Sometime during the ranging or on the breakout, $SYMBOL:$INDUSTRY should get above its 63 day MA and stay there, showing improving relative strength versus its peers. Entries have a better chance after that happens.
If you have the patience, run the scan for several months in 2024 to see the variety of results.
Here are the chart style values to see the indicators involved
Here's the KSS chart
For clarity, I've shortened the chart start-end. See current chart for full picture. The vertical blue line is the scan date.
[group is sp500] // or your group, sector or list of interest
and [min(10,Fast Stoch %K(251,1)) < 20] // stock is near low of 52 week range
and [Streak Up(close) > 4] // 5 or more consecutive days of buying.
and [max(10,volume) > max(10, sma(20,volume))] // volume is meaningful
Price itself may move significantly soon after a hit, or many weeks later. The scan only shows big money interest, not necessarily readiness to move. It's more a scan to fill out a watch list, than a scan to act on right away. Run for scan date July 23, 2025 to see examples. Many dates will return "no data" because it doesn't happen all the time.
Also try it for May 16, 2025, but for [group is sp600], see esp BKE, KSS already launched; PRAA, VSCO possibly on the launch pad.
p.s. reviewing past results from other dates, I would add, the chart should show at least one form of relative strength to get on your list - rising $SYMBOL:$INDUSTRY, rising $INDUSTRY:$SECTOR or rising Force(251). Also, before entering, it helps if the stock has a period of ranging just above the 251 lower channel on the daily chart. That is the Wyckoff accumulation phase. Sometime during the ranging or on the breakout, $SYMBOL:$INDUSTRY should get above its 63 day MA and stay there, showing improving relative strength versus its peers. Entries have a better chance after that happens.
If you have the patience, run the scan for several months in 2024 to see the variety of results.
Here are the chart style values to see the indicators involved
Here's the KSS chart
For clarity, I've shortened the chart start-end. See current chart for full picture. The vertical blue line is the scan date.
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