Use this filter to gauge momentum. If the security closes at or near its high, it shows that buyers were more optimistic than the sellers at the close of the day. The opposite is true if the stock closes low in its daily range.

Close vs. Daily Range:

If you are searching for stocks closing near the high of the daily range, select a value greater than 70%. You can also use the filter to identify short candidates, by selecting stocks closing below 30%.

Bullish / Bearish Candle:

Stock Filter identifies a Bullish candle if the closing price is greater than the opening price. If the price closes below its opening price, a candle is Bearish. There is a subtle difference between Bullish candle and Closing high in its daily range. A stock that opened at its high, but closed below its open is a Bearish Candle, but may still pass the Close vs. Daily Range test.