AboveLowPre
Filter
Above Pre-Market Low Filter (AboveLowPre)
Find stocks trading near, or breaking through, the premarket low, in real time, with Trade Ideas Streaming Alerts (Scanner) and Top Lists (Screeners). The Above Pre-Market Low filter measures the distance in dollars between the current price and the lowest price reached in premarket trading. Negative values mean the stock is trading below that level.
See the breakout when it prints, not after.
Free account, just an email. No card. Live access for a limited time.
Streaming Alerts check the Above Pre-Market Low filter the moment each alert fires, and Top Lists can sort by it.
How Trade Ideas finds it: set the maximum to 0.08 to find stocks trading no more than 8 cents above the premarket low, or use negative numbers to find stocks trading below it. See Trade Ideas plans and pricing to run it live.
How the Above Pre-Market Low filter works
The "above premarket low" filter is used to identify stocks whose current price is trading above the lowest price reached during premarket trading hours. Premarket trading occurs before the official opening of the regular trading session and allows traders to react to news and events before the market opens.
Here's how the "above premarket low" filter works:
Identification of Premarket Low: The filter first identifies the lowest price reached by a stock during the premarket trading session. This includes trading that occurs before the official market open.
Comparison with Current Price: The filter then compares the current price of the stock to the premarket low. If the current price is above the premarket low, the stock meets the criteria of being "above premarket low."
Key point
This filter is available before the market is open, while the market is open and during the post market session.
Above Pre-Market Low filter settings
The settings of each Trade Ideas filter are defined in the Window Specific Filters Tab located in the Configuration Window of your Alert or Top List (Screener) window.
Here is how to setup the filter in your configuration window:
- Use negative numbers to find stocks trading below the pre-market low of the day.
- Set the max above pre-market low filter to a small number to find stocks which are current trading close to the pre-market low of the day.
For example, set the max above pre-market low filter to 0.08 to find stocks which are trading no more than 8 cents above the low of the day.
Using the Above Premarket Low Filter
Several trading strategies can be employed with the Above Premarket Low filter. Here are a few examples:
- Breakout Trading: Traders may consider entering long positions when a stock breaks out above its premarket low during the regular trading session. This strategy assumes that the breakout above the premarket low could signal the start of an upward trend continuation.
- Support Level Bounce: Traders may enter long positions when a stock bounces off its premarket low, considering it a support level. They may anticipate that the stock will rebound from the premarket low and continue to move higher during the regular trading session.
- Intraday Momentum: Traders may look for stocks trading above their premarket lows with increasing volume and momentum during the regular trading session. They may enter long positions to ride the intraday momentum and capture short-term gains.
Filters to combine with Above Pre-Market Low
Alerts to pair with the Above Pre-Market Low filter
Categories
FAQ
Which stocks are breaking their premarket low right now?
Add the Above Pre-Market Low filter (AboveLowPre) to a Trade Ideas Streaming Alerts or Top List (Screener) window. Set the maximum to 0.08 to find stocks trading no more than 8 cents above the premarket low, or use negative numbers to find stocks trading below it.
What is the Above Pre-Market Low filter?
The Above Pre-Market Low filter measures the distance in dollars between the current price and the lowest price reached in premarket trading. Negative values mean the stock is trading below that level.
How do I find premarket low breakdowns?
Use the Above Pre-Market Low filter (AboveLowPre) in Trade Ideas Streaming Alerts and Top Lists to find stocks trading near, or breaking through, the premarket low. The Above Pre-Market Low filter measures the distance in dollars between the current price and the lowest price reached in premarket trading.