Of course it’s not going to the do same thing every time. I have that watch list linked to one of the charts displaying in my ThinkOrSwim platform layout. Gap Up Down Scanner - NSEANDBSE.COM. Here you can quickly see a list of gaps in the different regions and click through to the stock screener for the full list. This watch list just gives you a sub-set of stocks to focus on, that are in-play for the day that they trigger. The volume when the market is closed is much lower than during regular market hours therefore relatively small buy or sell orders can create wild swings in price. Symbol Open Previous Day High Previous Day Low Gap Up Down % Disclaimer: Investment in equity shares has its own risks. All content on TheStocksReport.com is for educational purposes only. Add additional criteria in the Screener, such as "20-Day Moving Average is greater than the Last Price", or "TrendSpotter Opinion is Buy". Some 'Gap Trading' Strategies. The default ranking is by Gap%. The strategy says that if today's low is greater that previous day's high, then scrip is in strong uptrend. After this scan triggers, I will look at a number of factors to determine if there is a trade to take where I believe I have an edge. Or, due to compelling news that has come out while the market was closed (either after hours, or pre-market). Usually when I take a full size position, I will scale out the close. I can then click on a stock in the watch list and it will show the chart for that stock in the chart window that it is linked to. Click "Screen" on the page and the Stock Screener opens, pulling in the symbols from the Gap Up & Gap Down page. A gap up is when the price of a stocks opens higher than the closing price of the previous day. I was short 200 shares and made approximately $700 profit in a bout 1 hour 15 minutes. This value measures the magnitude of the gap. This is important! Backtest your Gaps trading strategy before going live! The Gap Up Close scan is a scan I run in my ThinkOrSwim side bar along with several other scans. As with all the ThinkOrSwim scans on this website, there is a lot of discretion involved on whether to take the trade, and in which direction. Detailed instructions. The scan is obviously looking for a significantly higher opening price. PS select stock with highest volume and price more than 120. – Energy, oil & gas, petroleum, chemical and heavy industries. – Technology, biotechnology, healthcare and pharmaceutical companies. What this scan is searching for are stock that have gapped up and then closed the gap on a daily chart. If I don’t believe I have an edge I will not take the trade. The hope that Activist investors Snow Park Capital Partners thesis that they can pressure Dillards into unlocking the value of its real estate portfolio faded fairly quickly when people realized, Snow Park will be fairly ineffectual since the Dillards family owns all the voting stock. This keeps the amount of “triggered” stocks down, and also eliminates stocks that are very hard to get in and out of due to lack of liquidity. ATL – all time low Is it highly shorted? Gaps Stock Screener with an ability to backtest Gaps Stock Screening Strategy and setup trade alerts for Gaps signals. A gap down tells you that many traders decided to buy the stock (go long) in the after hours session, or in the pre-market session. A gap up is not only caused by traders buying in after hours sessions, but also by a pent-up demand to buy once the market opens. Do not trade based on any information contained on this website. I determined that the news was nothing more than Snow Park Capital putting out PR to boost the stock price and investors were not buying it. @ 2020 Stockbeep.com All Rights Reserved. Many stocks are not going to open at the exact price that they close at on the previous day. We track the top 1000 most actively traded stocks across NYSE, NASDAQ and AMEX. But if you see a pattern in the stock price that happens 60%, 70%, 80% of the time, then you have an edge. ETFs, bonds, preference shares and fixed income instruments are not included in our dataset. This value measures the magnitude of the gap. Regular trading hours of the NYSE and NASDAQ – 9:30am to 4:00pm ET. etc, etc). This scan is used to trigger stocks and create a watch list of “in-play” stocks. This gave me over a a good risk/reward ratio. I need to determine if the gap close was caused by funds starting to reduce the size of their position, as well as, traders starting to take short positions. A partial gap occurs when the stock opens above its previous close. Secondly, I will figure out why I think people started to sell to close the gap. There was ample time to get out at the target price. This is usually due to overnight news that has come out either at the end of the previous day or while the market was closed. Open Account in Zerodha now under ZMPSSL and place orders directly to Zerodha. Such scrips are considered bullish. Time – timestamp of latest intraday high I gathers all this information from internet news sites and Twitter. My target price was $74. This scan filters out low float/low volume stocks. Green up arrow - stock has traded higher from the last update. The scan is obviously looking for a significantly higher opening price. 52W – 52 week. The gap has to be at least 1.5% for it to be statistically relevant. The Stocks Reporter is your source for Day Trade and Swing Trade Setups, Finding stocks that are “in-play”, breaking market news, free ThinkOrSwim filters & studies, Market analysis opinion articles, Short sell reports and earnings reports. – Telcos and media networks. Lots of funds and individual investors are “under water” in the stock and are looking to get out or reduce their position any chance they can get. You need to watch the scan trigger many times, over many weeks, determine what caused the trigger, and then determine if there is a pattern to what the stock price does after the trigger most of the time. RVol – intraday adjusted ratio of today's volume compared to the daily average of the most recent 5 days These are not auto-trading (green light – red light) scans, where the scan triggers and you automatically buy or sell. it hit the price several times, bouncing around, above and below it. DDS (Dillards) gapped up due to news. The gaps worth noticing are those that continue to trade in the same direction. Entire row flash green - stock has made a new intraday high. The majority of these stocks have high trading interest from institutions and retail, with a minimum daily average volume of at least 1 million shares. Gap Up and Gap Down stocks on the market overview pages. They continue to miss their earning estimate quarter after quarter with no real catalyst for change in the foreseeable future. TheStocksreport.com and its staff are not registered investment advisors. The 5-day average daily volume is used as the measuring baseline. The gap has to be at least 1.5% for it to be statistically relevant. Our coverage includes constituents of the Dow Jones, Standard & Poor's, Russell and MSCI market indexes. Once I saw some weakness, I opened a short position at around $78. There are two kinds of opening gaps – the full gap and the partial gap. If the reason for the gap up is not a valid reason or is no longer valid, the stock will start to fall again. Gap up stocks are worth watching because the strong trend may continue in the foreseeable future. We use partial gaps in our analysis. Gap Scanner. My stop out price was $79.50. If the scan “triggers” for any stocks trading in the US stock market, the ticker symbol will be automatically added to the “Gap Up Close” watch list. closing 1/2 at one target price and the other 1/2 at a lower target price. $15,600 may seem like a large trade, but I was actually only risking $300 due to my tight stop. The way I will often trade this scan: I first determine the reason for the gap up. They are trying to break even or get out with less of the loss, and move their capital into something that was more potential for future gains. These are often known as bullish gaps, breakaway gaps or runaway gaps. I also always was a stop-out price based on the same factors as well as the size of the gap up. Vice versa for short. Most are optionable with an available options market in CBOE. A full gap occurs when the stock opens above the previous day’s high. This scan trigger is NOT a signal to buy or short the stock… If only it were that easy.