Rare setup snx

Screening Filters

1. relative_vol min 1.5

   • Purpose: Find stocks trading with above-normal volume.
   • Rationale: A “rare setup” usually implies unusual market activity. Relative volume above 1.5 helps isolate names where participation is elevated, which often matters when a stock is breaking out, reacting to a key level, or starting a new trend.

2. support_resistance_relationship: PriceAroundResistance, PriceBreakUpperBoll

   • Purpose: Identify stocks near a breakout point or pushing through a key technical ceiling.
   • Rationale: If the user is asking to analyze a rare setup for SNX, this suggests looking for a potentially unusual technical inflection. Being around resistance or breaking above the upper Bollinger Band can signal an expansion move, momentum ignition, or a breakout attempt—all classic “setup” conditions.

3. moving_average_relationship: PriceAboveMA200, PriceCrossAboveMA20

   • Purpose: Confirm trend strength and short-term momentum.
   • Rationale:
     • PriceAboveMA200 filters for stocks in a broader uptrend or at least not in a long-term downtrend.
     • PriceCrossAboveMA20 captures a fresh short-term momentum shift.
       Together, these help focus on stocks that are not only moving, but doing so in a technically constructive way.

4. macd: bullish, positive

   • Purpose: Add momentum confirmation from the MACD indicator.
   • Rationale: MACD turning bullish and positive strengthens the case that the move is gaining internal momentum rather than being a one-off spike. This is useful when evaluating an unusual setup because it reduces the chance of false breakouts.

5. region: US

   • Purpose: Limit the scan to U.S.-listed stocks.
   • Rationale: Since SNX is a U.S. stock and the user specifically references a stock ticker, restricting to the U.S. ensures the screener stays in the relevant market universe and avoids irrelevant international names.

Why Results Match the User’s Query

• The combination of elevated volume, price near or above resistance, short-term and long-term trend confirmation, and bullish MACD momentum is well-suited for identifying a rare technical setup rather than an ordinary stock move.
• Together, these filters aim to surface stocks that are:
  • actively trading,
  • technically breaking out or approaching a breakout,
  • supported by momentum,
  • and aligned with a broader trend.

In short, the filters are designed to find stocks with the kind of unusual, high-conviction technical behavior that would be relevant when analyzing a rare setup like SNX.