Stocks double bottom

Screening Filters

1. Volume: min 200,000

• Purpose: Ensure the stock has enough trading activity.
• Rationale: A double-bottom setup is more meaningful when the stock is liquid enough for the pattern to reflect real market participation rather than thin, noisy trading. Higher volume also makes breakouts and reversals more reliable and easier to trade.

2. Support/Resistance Relationship: PriceAroundSupport

• Purpose: Find stocks trading near a support level.
• Rationale: A double bottom is, by definition, a bullish reversal pattern that forms around a support zone. This filter helps locate stocks that are currently near the area where buyers have previously stepped in, which is the key foundation of a double-bottom setup.

3. Moving Average Relationship: PriceCrossAboveMA5, PriceCrossAboveMA20, PriceAboveMA5, PriceAboveMA20

• Purpose: Identify stocks showing short-term and intermediate-term bullish strength.
• Rationale: In a double-bottom context, a stock that has crossed above and is trading above the 5-day and 20-day moving averages suggests the price may be transitioning from weakness to recovery. These filters help confirm that momentum is improving after the second bottom, which is often what traders look for before or during a breakout.

Why Results Match:

• A double bottom is a bullish reversal pattern built around support, so the PriceAroundSupport filter is directly relevant.
• The moving average filters help identify stocks that are beginning to turn upward, which is consistent with the confirmation phase of a double-bottom pattern.
• The volume filter improves the quality of the scan by focusing on more tradable names, making the pattern more actionable.
• Since the user mentioned “QQQ stocks,” these filters are useful for finding liquid, actively traded names commonly found in the QQQ universe that may be forming or confirming a double-bottom structure.