The MarketFlow Price Action Screener scans every ASX stock and surfaces only those matching your exact technical criteria. No chart-hopping. No missed setups.
This guide explains every filter, every signal value, and how to combine them to build screener setups that match your trading style.
How to Use the Screener
- Navigate to Screener → Price Action in the top navigation bar
- Select a Market Cap tier — Large Cap, Mid Cap, Small Cap, or Micro Cap
- Set your filter criteria using the 8 dropdowns — each defaults to All (no filter applied)
- Click the blue Run Screener button to load results
- Click any stock row to open its full company page
Results show only stocks that match every active filter. Change any dropdown and run again to refine your list.
Select a market cap tier and click Submit to load stocks with technical signals.
The Price Action Filters — Complete Reference
1. Moving Averages (20 / 50 / 100-Day MA)
A moving average smooths out day-to-day price noise by calculating the average closing price over a set number of days. When price is trading above its moving average, the stock is in an uptrend at that timeframe. When it is below, the trend is down.
The screener gives you three MA filters — 20-day, 50-day, and 100-day — each covering a different horizon. Together they give you a multi-timeframe view of trend strength that a single MA alone cannot provide.
| Signal | What It Means |
|---|---|
| Bullish | Price is above the moving average — upward momentum confirmed at this timeframe |
| Bearish | Price is below the moving average — downward pressure over this timeframe |
The 20-Day MA — Short-Term Trend
The 20-day MA reacts quickly to price changes. It tells you what the stock has been doing over the past month. Stocks trading above their 20-day MA are in near-term uptrends and are likely attracting short-term traders. When price pulls back to the 20-day MA and bounces, it is a common entry signal used by swing traders. A break below it signals that short-term momentum has shifted.
The 50-Day MA — Medium-Term Trend
The 50-day MA is the most widely watched moving average among institutional traders. It reflects roughly two months of price action and filters out a lot of the short-term noise. When a stock holds above its 50-day MA during a pullback, it shows that the medium-term uptrend is intact. A break below the 50-day MA is a more serious warning sign than a break below the 20-day.
The 100-Day MA — Long-Term Trend
The 100-day MA gives you the quarterly view. Stocks above their 100-day MA are in established, sustained uptrends. This filter is particularly useful for identifying stocks that have been accumulating strength over an extended period — not just a short-term spike. Institutional fund managers pay close attention to the 100-day MA when deciding whether a stock is worth holding.
Why use all three together?
When price is above all three MAs simultaneously, the stock is aligned across short, medium, and long-term timeframes. This is called a bullish stack and is one of the most reliable technical setups in trend trading. The further apart the MAs are from each other — with price above all three — the stronger the trend momentum.
Setting all three to Bullish is the single most reliable starting point in the screener. It removes every stock that is in a downtrend or choppy sideways movement at any timeframe, leaving only stocks with clear multi-timeframe trend alignment.
2. RSI (14) — Relative Strength Index
The Relative Strength Index, developed by J. Welles Wilder, measures the speed and magnitude of recent price changes on a scale of 0 to 100. It compares average gains to average losses over the past 14 trading days and tells you whether a stock is gaining or losing momentum.
RSI is one of the most universally used indicators by both retail and institutional traders. Understanding it correctly — particularly what "overbought" and "oversold" actually mean in the context of a trend — is one of the biggest edges you can develop as an ASX trader.
| Signal | RSI Range | What It Means |
|---|---|---|
| Bearish | Below 30 | Oversold — price has fallen sharply; watch for a bounce or continued weakness |
| Neutral | 30 – 50 | Below mid-range — mild bearish bias, no strong momentum yet |
| Elevated | 50 – 70 | Above mid-range — mild bullish bias, price holding strength |
| Bullish | Above 70 | Overbought — strong upward momentum; can signal continuation or an overextended move |
Bearish (below 30) — Oversold Condition
When RSI falls below 30, the stock has experienced a sharp and sustained decline. The selling has been aggressive enough to push the momentum indicator to an extreme. This can signal two things: either the stock is due for a relief bounce as sellers exhaust themselves, or the selling pressure is genuinely strong and the downtrend will continue. Context matters — an RSI below 30 in a stock with deteriorating fundamentals is very different from one that has temporarily sold off due to broader market weakness.
Neutral (30–50) — No Clear Edge
RSI between 30 and 50 sits in a zone of ambiguity. The stock is not strongly trending in either direction. Momentum is weak or absent. For most trend-following strategies, this is a zone to avoid. Wait for RSI to push convincingly above 50 before considering a long entry, or look for it to fail at 50 on a recovery attempt if you are watching a potential short.
Elevated (50–70) — Healthy Bullish Momentum
This is often the most attractive zone for trend traders. RSI between 50 and 70 means the stock is trending upward but has not yet reached an extreme. The move has started, buyers are in control, but there is still room to run before the indicator signals overextension. Many of the best swing trade entries occur when a stock pulls back slightly and RSI resets from near 70 back into the 50–60 range before resuming upward.
Bullish (above 70) — Strong Momentum, Respect the Trend
The most misunderstood RSI reading. Many beginners see RSI above 70 and immediately think "sell" or "short." This is a mistake in trending markets. In a genuine strong uptrend, RSI can stay above 70 for weeks or even months. The overbought label describes intensity, not exhaustion. RSI above 70 combined with a confirmed uptrend (all MAs bullish, strong ADX) is actually a sign of a very strong stock — not one about to collapse. Only start treating RSI above 70 with caution when you see it diverge from price (RSI making lower highs while price makes higher highs), which signals fading momentum.
3. Trend (ADX) — Average Directional Index
The Average Directional Index measures the strength of a trend — not its direction. A high ADX means the stock is in a powerful directional move. A low ADX means the stock is moving sideways with no clear trend. The direction of that move — bullish or bearish — is determined by two companion lines: the +DI (Directional Indicator) for upward pressure and the –DI for downward pressure.
This is one of the most underused indicators by retail traders, yet it is one of the most powerful. Knowing whether you are in a trending or ranging environment before you trade changes everything about your strategy.
| Signal | What It Means |
|---|---|
| Strong Uptrend | High ADX with bullish direction — highest conviction uptrend signal |
| Uptrend | ADX showing a clear bullish directional move |
| Sideways | Low ADX — no clear direction; stock is consolidating or ranging |
| Downtrend | ADX showing a clear bearish directional move |
| Strong Downtrend | High ADX with bearish direction — high conviction selling pressure |
ADX below 20 — Avoid
When ADX is below 20, the stock is in a sideways, low-conviction period. Trend-following strategies do not work in this environment. Breakouts frequently fail, pullbacks do not bounce cleanly, and whipsaws are common. The screener's Sideways signal identifies these stocks so you can exclude them. Unless you are specifically trading a range-bound strategy, filtering these out improves your win rate significantly.
ADX 20–25 — Developing Trend
ADX crossing 20 and pushing toward 25 signals that a trend may be starting to form. This is an early-stage signal. It can be a useful entry zone for traders who want to get in before the trend is fully confirmed, but it carries more risk of failure than waiting for ADX to exceed 25.
ADX above 25 — Trending Market
Once ADX crosses 25, a genuine trend is in place. Combined with a bullish +DI reading, this confirms an uptrend with real directional momentum. This is the most reliable zone for trend-following trades. The Uptrend signal in the screener broadly covers this territory.
ADX above 40 — Strong Uptrend
ADX above 40 indicates an exceptionally powerful trend. These are the stocks that professional traders love — they tend to move in one direction with very little pullback. The Strong Uptrend signal in the screener targets this elite group. Stocks at this level often have a major catalyst (earnings surprise, acquisition, sector rotation) driving sustained institutional buying. They can be volatile, but the directional conviction is high.
4. Momentum — Rate of Price Change
Momentum uses the Rate of Change (ROC) indicator to measure how quickly price is accelerating or decelerating. While moving averages tell you where price has been, and ADX tells you how strong the trend is, momentum tells you how fast things are moving right now. Think of it as measuring the engine rather than the road.
| Signal | What It Means |
|---|---|
| Strong Bullish | Price accelerating sharply upward — strong buying pressure |
| Mild Bullish | Moderate upward momentum — buyers in control but not aggressive |
| Neutral | No clear directional momentum — indecision between buyers and sellers |
| Mild Bearish | Moderate downward momentum — sellers have a slight edge |
| Strong Bearish | Price accelerating downward — strong selling pressure |
Why momentum matters beyond direction
A stock can be in an uptrend (above all MAs, ADX trending) but with slowing momentum. This is an early warning that the move may be running out of steam before a pullback or reversal. Conversely, a stock with accelerating momentum in the early stages of a breakout often continues higher far longer than most traders expect.
Strong Bullish — The acceleration signal
When momentum registers as Strong Bullish, price is not just moving up — it is speeding up. This is typically associated with a surge in buying activity, often linked to a catalyst, sector rotation, or a breakout from a long consolidation. These are the stocks that move 10–20% in a week. Combined with a Major Breakout and high volume, this is the highest-conviction setup in the screener.
Mild Bullish — Steady uptrend
Mild Bullish momentum is the steady state of a healthy uptrend. The stock is consistently making progress upward without extreme acceleration. This is actually the more sustainable signal for longer-duration swing or position trades — the moves are less explosive but more predictable and easier to manage with a trailing stop.
Neutral and Bearish — Wait or step aside
Neutral momentum combined with a sideways ADX reading usually means the stock is going nowhere. This is the most common state for most ASX stocks at any given time. The screener's job is to filter these out so you never waste time on them. Bearish momentum signals are useful if you are looking at the short side, but for ASX retail traders who primarily trade long, filtering these out is the right call.
5. Breakout — Price Breaking Key Levels
The Breakout filter scores how decisively price has moved above a key resistance level. Key levels include recent swing highs, the 52-week high, and major prior consolidation zones. A genuine breakout above one of these levels often marks the beginning of a sustained new move, as the stock moves into "price discovery" territory where there is little overhead supply to act as resistance.
| Signal | What It Means |
|---|---|
| Major Breakout | Price breaking well above a key resistance level — rare, high-conviction signal |
| Strong Breakout | Clear break above a significant level with conviction |
| Mild Breakout | Early-stage breakout — watching for confirmation |
| Weak | No meaningful breakout detected — price still within its range |
Major Breakout — The rarest and most powerful signal
A Major Breakout occurs when price breaks decisively above a significant resistance level with strong conviction. These are relatively rare — on any given day, only a handful of ASX stocks will register this signal. But when they do, they often lead to sustained multi-week moves. These are the setups that professional momentum traders specifically hunt for. The key is confirming the breakout with volume — a Major Breakout on high volume is one of the most reliable setups in technical analysis.
Strong Breakout — Act but confirm
A Strong Breakout is a clear move above resistance. It has conviction but may not have the sustained follow-through of a Major Breakout. Many traders enter on this signal with a tight stop just below the breakout level. If volume confirms and price holds above the breakout point on the next session, the setup strengthens significantly.
Mild Breakout — Watch, don't act yet
A Mild Breakout is an early signal that price is beginning to push against resistance. It may resolve into a genuine breakout or it may fail and retreat. This signal is useful for adding stocks to a watchlist — you want to see it evolve into a Strong or Major Breakout before committing capital.
Why volume is non-negotiable with breakouts
A breakout without volume is one of the most common traps in trading. It suggests that the move is being driven by retail interest or thin order flow rather than institutional conviction. Institutions — the fund managers and superannuation funds that drive sustained ASX moves — leave footprints through volume. A breakout on Moderate or Major Volume Anomaly is the difference between a head fake and a genuine new trend beginning.
6. Volume Anomaly — Unusual Trading Activity
The Volume Anomaly filter compares today's trading volume to the stock's historical average. It asks one simple question: is there more activity than usual? When the answer is yes — especially on a day when price is also moving significantly — it signals that large participants (fund managers, institutions, algorithmic strategies) are involved in the move.
Volume is the one indicator that cannot be faked. Price can be nudged by thin order flow. But sustained above-average volume requires real buying or selling interest. This is why the Volume Anomaly filter is one of the most powerful in the screener — it acts as a confirmation layer for every other signal.
| Signal | What It Means |
|---|---|
| Major Anomaly | Volume many times above average — strong institutional interest, high-conviction move |
| Moderate Anomaly | Significantly above-average volume — notable buying or selling activity |
| Mild Anomaly | Slightly elevated volume — worth monitoring for follow-through |
| Normal Volume | Trading at typical levels — no unusual activity detected |
Major Anomaly — Follow the big money
When volume is many times above average, something significant is happening. This could be a major announcement, a surprise earnings result, an acquisition rumour, a sector catalyst, or simply large institutional accumulation. Whatever the cause, Major Anomaly volume tells you that the move is backed by serious money. These are the setups worth paying close attention to. Combined with a Major Breakout, this is the most powerful combination in the entire screener.
Moderate Anomaly — Elevated conviction
Moderate Anomaly volume is the most common signal for quality setups. It means volume is significantly above average — enough to indicate real buying interest, but not so extreme that it is likely to be a one-day spike. Many sustained ASX trends begin with a Moderate Anomaly volume day as institutions begin building a position.
Mild Anomaly — Early warning
Mild Anomaly is the earliest signal of growing interest. Volume is slightly elevated but not yet at a significant level. On its own it is not enough to act on, but it is worth noting — especially if it appears alongside an improving Breakout score or an RSI pushing from Elevated toward Bullish. It often precedes a larger volume move in the following sessions.
Normal Volume — Move along
Normal Volume with any bullish technical signal is worth treating with caution. The signal may be valid, but without above-average volume confirming participation, the probability of follow-through is lower. Many false breakouts and failed trend moves happen on normal volume. This is why layering the Volume Anomaly filter on top of other signals is so valuable.
Building Your First Screener Setup
The Balanced Setup — Best for Most Traders
Use this as your default starting configuration:
| Balanced Setup — Filter Configuration | |
| 20-Day MA | Bullish |
| 50-Day MA | Bullish |
| 100-Day MA | Bullish |
| RSI (14) | Elevated (50–70) |
| Trend (ADX) | Uptrend or Strong Uptrend |
| Momentum | Mild Bullish or Strong Bullish |
| Breakout | All (no filter) |
| Volume Anomaly | All (no filter) |
What you get: Stocks in confirmed multi-timeframe uptrends with building momentum. Not overextended, not sideways — clean trending setups.
The High-Conviction Setup — Fewer, Stronger Signals
For the highest quality signals only:
| High-Conviction Setup — Filter Configuration | |
| 20-Day MA | Bullish |
| 50-Day MA | Bullish |
| 100-Day MA | Bullish |
| RSI (14) | Elevated (50–70) |
| Trend (ADX) | Strong Uptrend |
| Momentum | Strong Bullish |
| Breakout | Strong or Major Breakout |
| Volume Anomaly | Moderate or Major Anomaly |
What you get: A short list of stocks with every indicator aligned and volume confirming the move. Expect 3–15 results. These are your highest-probability setups.
The Breakout Hunter Setup
For stocks that are just starting a new move:
| Breakout Hunter Setup — Filter Configuration | |
| 20-Day MA | Bullish |
| 50-Day MA | Bullish |
| RSI (14) | Elevated (50–70) |
| Momentum | Strong Bullish |
| Breakout | Major or Strong Breakout |
| Volume Anomaly | Moderate or Major Anomaly |
What you get: Stocks breaking above key resistance levels with strong volume — early entries into potentially large moves.
The Oversold Bounce Setup
For stocks that have fallen hard and may be due for a reversal:
| Oversold Bounce Setup — Filter Configuration | |
| RSI (14) | Bearish (below 30) |
| Momentum | Mild Bearish or Neutral |
| Trend (ADX) | Sideways or Uptrend |
What you get: Stocks at oversold extremes where selling pressure may be exhausted. Always validate with a chart before trading — oversold does not automatically mean it will bounce.
Reading the Results Table
Each row in the results shows:
| Column | What It Shows |
|---|---|
| Ticker | ASX ticker code (clickable to open the company page) |
| Price | Last traded price in AUD |
| CHG% | Day's percentage price change (green for up, red for down) |
| 20-Day MA | Bullish (price above) or Bearish (price below) the 20-day moving average |
| 50-Day MA | Bullish (price above) or Bearish (price below) the 50-day moving average |
| 100-Day MA | Bullish (price above) or Bearish (price below) the 100-day moving average |
| RSI(14) | Exact RSI value on a 0–100 scale |
| Trend | ADX trend signal — Uptrend, Strong Uptrend, Downtrend, Strong Downtrend, or Sideways |
| Momentum | Momentum signal badge — Strong Bullish, Mild Bullish, Neutral, Mild Bearish, or Strong Bearish |
| Breakout | Breakout signal badge — Major Breakout, Strong Breakout, Mild Breakout, or Weak |
| Volume Anomaly | Volume signal badge — Major Anomaly, Moderate Anomaly, Mild Anomaly, or Normal Volume |
Signal badges are colour-coded — green for bullish signals, red for bearish, grey for neutral, and purple for volume anomalies.
Pro Tips
| 💡 Screener Pro Tips | |
| Start with the MAs | The three moving average filters are the cleanest starting point. Set all three to Bullish, see your results, then layer RSI and Trend to narrow further. |
| Fewer filters = more results | More active filters = fewer, higher-quality results. Start broad and tighten until you have 10–30 stocks to review. |
| Volume is the truth test | Any bullish signal — especially breakouts — is stronger when accompanied by a Volume Anomaly. If price is moving but volume is normal, treat it with caution. |
| Don't trade the list directly | The screener narrows 2,000+ stocks to a shortlist. Your job is to open charts and pick the 1–3 best setups. Look at the pattern, check for news, verify your entry level. |
| Run at market close | ASX opens at 10am AEST. Running the screener at close gives you a clean list to review overnight and prepare your watchlist for the next session. |
| Adjust for conditions | In a strong trending market, use tighter filters (Strong Uptrend, Strong Bullish). In choppy markets, loosen up or focus on the oversold bounce setup instead. |
| Track what works | Over time, note which filter combinations produce your best trades. The screener is a tool — the edge comes from learning which setups suit your style. |
Quick Reference — Signal Summary
| Filter | Bullish Signals | Bearish Signals | Neutral |
|---|---|---|---|
| MA (20/50/100) | Bullish | Bearish | — |
| RSI (14) | Bullish (above 70), Elevated (50–70) | Bearish (below 30) | Neutral (30–50) |
| Trend (ADX) | Strong Uptrend, Uptrend | Strong Downtrend, Downtrend | Sideways |
| Momentum | Strong Bullish, Mild Bullish | Strong Bearish, Mild Bearish | Neutral |
| Breakout | Major, Strong, Mild Breakout | — | Weak |
| Volume Anomaly | Major, Moderate, Mild Anomaly | — | Normal Volume |
The screener finds the candidates. Your analysis picks the winners.