FloatTurn
Filter
Float Turnover Filter (FloatTurn)
Find stocks whose volume today has already turned over their float in real time with Trade Ideas Streaming Alerts (Scanner) and Top Lists (Screeners). Float Turnover is today's trading volume divided by the float. A value of 1.0 means a full float's worth of shares has traded today.
See the crowd arriving before the crowd does.
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Streaming Alerts check the Float Turnover filter the moment each alert fires, and Top Lists can sort by it.
How Trade Ideas finds it: adjust the minimum value to 1 to see only stocks with a high float turnover of 1.0 or more. See Trade Ideas plans and pricing to run it live.
How the Float Turnover filter works
Trader tip
The "Float Turnover" filter provides a snapshot of today's trading volume relative to the total number of shares available for trading (the float). It is a key metric often utilized by intraday and short-term swing traders to assess significant turnovers in share ownership. When a stock trades multiples of its float, it typically indicates a higher than usual daily volume. In cases where the float data is unavailable, the filter returns a null value. This filter offers valuable insights into the intensity of trading activity and liquidity in a particular stock, aiding traders in identifying potential trading opportunities and market trends.
Calculation: To calculate the float turnover, divide today's trading volume by the float.
Interpretation of Float Turnover: A high float turnover indicates that a significant portion of the stock's float is being actively traded within the specified period. It suggests high liquidity and trading activity, with investors buying and selling shares frequently. Conversely, a low float turnover indicates relatively low trading activity and liquidity in the stock. It may suggest that investors are holding onto their shares for longer periods or that there is less interest or demand for the stock in the market.
Float Turnover filter settings
Settings
Configuring the "Float Turnover" filter is simple and can be done within the Window Specific Filters Tab of the Configuration Window in your Alert or Top List (Screener) window.
Here's how to set up the filter in your configuration window:
- Adjust the minimum value to 1 to see only stocks with a high float turnover of 1.0 or more.
Using the Float Turnover Filter
The "Float Turnover" filter can be used in various trading strategies, including:
Momentum Trading:
- High Float Turnover: Momentum traders may target stocks with high float turnover ratios, as they indicate intense trading activity and potential short-term price momentum. Traders may initiate trades in the direction of the prevailing trend, aiming to capitalize on rapid price movements driven by increased buying or selling pressure.
- Low Float Turnover: Momentum traders may also target stocks with low float turnover ratios for their potential to experience explosive price moves. These stocks may attract attention from traders seeking short-term opportunities, leading to sharp price fluctuations and momentum swings.
Breakout Trading:
- High Float Turnover: Breakout traders may look for stocks with high float turnover ratios that exhibit significant price movements beyond key technical levels or chart patterns. They may wait for the stock to break out of consolidation phases or trade above resistance levels, aiming to profit from continued momentum and increased trading volume.
- Low Float Turnover: Breakout trading in low float turnover stocks can be particularly lucrative, as they may experience sharp price movements following breakout signals. Traders may use technical indicators and volume analysis to identify potential breakout opportunities and enter trades accordingly.
Scalping:
- High Float Turnover: Scalpers may target stocks with high float turnover ratios for short-term trading opportunities with small profit targets. They may enter and exit trades quickly, taking advantage of rapid price movements and liquidity provided by intense trading activity.
- Low Float Turnover: Scalping low float turnover stocks requires careful risk management due to their potential for volatile price swings. Scalpers may focus on stocks with high relative volume and tight bid-ask spreads, executing trades with precision and efficiency.
Filters to combine with Float Turnover
Categories
FAQ
Which stocks have traded more than their float today?
Add the Float Turnover filter (FloatTurn) to a Trade Ideas Streaming Alerts or Top List (Screener) window. Adjust the minimum value to 1 to see only stocks with a high float turnover of 1.0 or more.
What is the Float Turnover filter?
Float Turnover is today's trading volume divided by the float. A value of 1.0 means a full float's worth of shares has traded today.
What does float turnover mean?
Use the Float Turnover filter (FloatTurn) in Trade Ideas Streaming Alerts and Top Lists to find stocks whose volume today has already turned over their float. Float Turnover is today's trading volume divided by the float.