Stock Screener: Exhaustion Gaps

To find exhaustion gaps, we need to apply two filters:

Gaps

  • Price Gapped Up; within the last 1 or 2 days

Filter For Extended Trends

We then need to apply one or more of the following three filters to identify extended trends:

% Price Move

  • 1 Month; Minimum 10 (%)

Bollinger Bands

  • 20 or 50 Day; Minimum 200

Directional Movement

  • ADX Value; Minimum 40 or 50

Example

Sort the return by clicking on the column headers.

WAT exhaustion return

Waters Corporation [WAT] shows an exhaustion gap after gaining more than 10% in the last month.

WAT exhaustion gap
Colin Twiggs

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.