A typical scan of DJIA component stocks for price action anomalies successfully identified the two stocks with highest gain and loss for Monday, December 18, 2017.
The DLPAL DQ scan results as of the close of Friday, December 15, 2017, are shown below:
The scan results show INTC with highest probability P for a long and KO with highest probability P for a short.
As it turned out, the software was able to accurately forecast the largest winner and loser for the day, as shown below:
Based on the change from open to close, INTC rose 2.46% and KO fell -0.6%.
Note that the above results can be replicated with a demo version of the program (fully-functional for two weeks.) The scan workspace used is shown below:
In daily scans we use adjusted data starting on 01/03/2000. We update the data daily and then re-run the scans. We also do that for various other stock groups.
Note that identification of the largest winner and loser is rare result but demonstrates the potential of the software. There are high risks in trying to identify price action anomalies due to periods of time when quantitative analysis cannot differentiate successfully between the signal and the noise in data.
Click here for information of how to request a fully functional two-week trial of DLPAL DQ
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