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Spring

 
US

In the Wyckoff method a spring is the final shakeout of an accumulation range: price dips below support, flushes out weak holders and quickly returns into the range. This screen lists stocks on NYSE and Nasdaq where a bear trap has formed on the support lines of the SNR indicator (fractal-based support and resistance) with volume above its 21-day average. Traders treat a spring as a potential low-risk entry with a stop below the shakeout low. The list covers NYSE and Nasdaq stocks priced above $1 with at least $1 million in average daily trading value, using near-real-time data.

Screening formula:
exch(nyse,nasdaq) and type(stock) and price > 1 and advol(21) > 1 and snr(9) snr_beartrap and cvol > avol(21)
 
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Charts    
   Symbol   Name   Industry   Sector   Exchange   Cap  Cap, mln  Last  Change  Change, %  Volume
 DHF 
BNY Mellon High Yield Strategies Fund
Asset Management
Financial Services
NYSE
Micro
 161.48  2.19  0.02 0.92 495,828
 DRS 
Leonardo DRS Inc
Aerospace & Defense
Industrials
NASDAQ
Mid
 9,816.27  36.24  0.37 1.03 1,188,427
 GORO 
Goldgroup Mining Inc
Gold
Basic Materials
NYSE
Small
 569.62  3.41  0.22 6.9 1,522,008
 HUT 
Hut 8 Corp
Capital Markets
Financial Services
NASDAQ
Large
 11,367  84.27  4.68 5.88 6,357,454
 IHD 
Voya Emerging Markets High Income Dividend Equity Fund
Asset Management
Financial Services
NYSE
Micro
 136.21  7.48  0.09 1.22 215,686
 MDA 
MDA Space Ltd
Aerospace & Defense
Industrials
NYSE
Mid
 4,904.46  28.15  0.82 3 1,142,584
 NCA 
Nuveen California Municipal Value Fund
Asset Management
Financial Services
NYSE
Small
 280.1  8.28  0.08 0.98 184,698
 NIO 
NIO Inc ADR
Auto Manufacturers
Consumer Cyclical
NYSE
Mid
 8,719.72  3.58  0.17 4.99 43,653,200
 SE 
Sea Ltd ADR
Internet Retail
Consumer Cyclical
NYSE
Large
 58,901  95.25  2.36 2.54 7,538,028
 TTMI 
TTM Technologies Inc
Electronic Components
Technology
NASDAQ
Large
 12,748  121.01  3.51 2.99 2,124,204
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