Stock Screener: Consolidations
Screening For Consolidations
To find stocks that are consolidating within a narrow range, we apply the following filters:
Directional Movement: ADX Value Filter
To identify stocks with little directional (trend) movement.
Volume Filter
To eliminate illiquid or dormant stocks.
Sort the return by clicking on the header of the ADX column.
Example
Snap-On Inc [SNA] turned up in a screen of the S&P 500 for stocks with ADX less than 10.
Twiggs Money Flow holding above zero signals strong accumulation.
Author: Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.