Daily Dip Scanner
This daily dip scanner looks for pullbacks in uptrends: a liquid US stock whose daily close drops below its lower Bollinger band while the close is still above its 100-day simple moving average. It runs the entry rules of the Daily Dip, the dip system Financial Tech Wiz runs beside the Official Daily Pivot Breakout. The breakout system buys strength; the Daily Dip buys a short, sharp drop inside a stock that is still trending up. The free results use final daily data and run five trading sessions late.
See the latest scan alerts free for 7 days
Daily Dip Scan Alerts:
- NET: Daily Dip scan alert on Oct 20, closed 1.1% below the lower Bollinger band, RSI(14) 34.8, down 3.9% since
- META: Daily Dip scan alert on Oct 23, closed 0.9% below the lower Bollinger band, RSI(14) 35.7, down 4.3% since
- DE: Daily Dip scan alert on Oct 19, closed 0.2% below the lower Bollinger band, RSI(14) 38.0, up 7.7% since
Latest free Daily Dip scan alerts
NET: Daily Dip on Oct 20
Open chart for NET- Daily Dip
- RSI(14) 34.8
- Below band 1.1%
- Since alert −3.9%
Also matching
Members saw this scan alert on Oct 20.See the latest scan alerts
META: Daily Dip on Oct 23
Open chart for META- Daily Dip
- RSI(14) 35.7
- Below band 0.9%
- Since alert −4.3%
Members saw this scan alert on Oct 23.See the latest scan alerts
DE: Daily Dip on Oct 19
Open chart for DE- Daily Dip
- RSI(14) 38.0
- Below band 0.2%
- Since alert +7.7%
Members saw this scan alert on Oct 19.See the latest scan alerts
- 37 more Daily Dip scan alerts since Oct 23, through the latest closeMembers see every scan alert the day it fires, with a chart for each one.Start 7-day free trial
Key Takeaways
- A stock makes the list when its daily close is below the 30-day, 2 standard deviation lower Bollinger band and above the 100-day SMA, with the price above $5.
- Only the 500 most liquid US stocks qualify: a 50-day median dollar volume above $50 million, ranked in the top 500 by that measure.
- The Daily Dip system sells at the next open after RSI(2) closes above 60, a close above the prior day’s high, a 15% stop judged on the close, or 20 sessions, whichever comes first.
How the daily dip scan works
A stock makes the list on a session only when all three rules pass on the final daily close.
- A close below the lower Bollinger band. The band is the 30-day simple moving average of the close minus 2 standard deviations of those 30 closes. If the 30-day average is $100 and the standard deviation is $4, the lower band is $92, and a close at $91 passes. A stock that trades down to $90 during the day but closes at $93 fails.
- Still in an uptrend. The same close must be above the 100-day simple moving average. A close at $91 with the 100-day SMA at $85 passes; the same close with the 100-day SMA at $95 fails, because the stock is no longer above its longer trend.
- Liquid enough to trade. The price is above $5, the 50-day median dollar volume is above $50 million, and the stock ranks in the top 500 US stocks by that dollar volume.
There is no market filter: the scan runs the same way whether the S&P 500 is rising or falling. When more stocks qualify than the system can buy, it takes the lowest RSI(14) first, and the free cards keep that same order, so the deepest dips by RSI(14) come first.
How a Daily Dip trade exits
The Daily Dip system buys at the next regular-session open after the scan alert. Every exit is decided on a daily close and sold at the next open. The first of these four ends the trade:
- RSI(2) above 60. The 2-day RSI closes above 60, a sign the short-term selling has turned.
- A close above the prior day’s high. The stock closes above the previous session’s high.
- A 15% stop judged on the close. The stock closes at or below 15% under the entry price. An intraday drop that recovers by the close does not trigger it.
- 20 sessions. A trade still open on session 20, counted from the entry session, is sold.
How to read the chart
Each card chart draws the lower Bollinger band and the 100-day SMA, marks the scan alert session with “Dip”, and marks the session whose close decided the exit with “Exit:” and the reason, such as “Exit: RSI(2)”. Price bars can run past the scan alert to a later final close, but scan and exit markers stop at the delayed cutoff.
Daily Dip vs the Daily Pivot Breakout
Our Daily Pivot Breakout scanner looks for stocks closing above a confirmed pivot high with strong momentum: it buys strength and rides a trailing stop. The Daily Dip does the opposite on a shorter clock: it buys a stock that just closed well below its normal range and sells at the first of its four exits, after 20 sessions at most. The two can hold different stocks at the same time, and a stock can show up on both pages weeks apart.
If you watch oversold readings on their own, the RSI scanner lists RSI(14) crosses and extremes without the trend or liquidity rules. Our guide to SMA, EMA and other moving averages explains the simple moving average both the band and the trend rule use.
How to use the list
A close below the lower band says the stock fell further and faster than usual for its recent range. It does not tell you why. Open the chart, check for news such as an earnings miss or a downgrade, and look at how far the stock sits above its 100-day SMA. A stock can keep falling through the band and the trend line, which is why the system carries a stop. Decide your size and your exit before you act, then record the trade so you can review it later.
What the delay means
The free cutoff is five actual exchange trading sessions behind the latest complete daily-data session. Weekends and holidays do not count. Free picks are final-only: we wait for the daily close and complete data, and the page updates automatically from stored final scan results. It never shows forming-candle matches. By the time a pick appears here, the Daily Dip system may already have sold it.
Daily Dip backtest
We tested the Daily Dip rules on the eligible US stock universe from January 2000: buy at the next open after each scan alert, at most 10 positions of 10% each, lowest RSI(14) first when more stocks qualify, every exit above sold at the next open, 0.05% slippage, and dividends added to returns while every rule runs on actual prices. Over that period the test returned 8.3% a year with a maximum drawdown of -22.1%. These are hypothetical results on historical data; past performance does not guarantee future results. The universe is today’s eligible stocks, not a survivorship-free database of every company that existed. This page shows the Daily Dip’s own backtest only; the Official Daily Pivot Breakout results live on its own page.
Current scanners and trade tracking
The Financial Tech Wiz Trading Journal shows every Daily Dip match after each close, the stored history with a chart for each one, and trade tracking with performance analytics, so you can compare your own dip trades with the system’s rules.
Compare the other free tools in our free stock scanner directory, and if you want a simple way to start recording trades, use the free trading journal template.
Related guides and scanners
- Stage 2 stocks screener
- Golden cross screener
- RSI divergence scanner
- How to use RSI on TradingView
- Risk reward calculator
FAQ
What is the Daily Dip?
A pullback rule for stocks in uptrends: a daily close below the 30-day, 2 standard deviation lower Bollinger band while the close is still above the 100-day SMA, for stocks above $5 among the 500 most liquid in the US. It is the dip system Financial Tech Wiz runs beside the Official Daily Pivot Breakout.
How is it different from the Daily Pivot Breakout?
The Daily Pivot Breakout buys strength after a close above a pivot high and holds with a trailing stop. The Daily Dip buys weakness inside an uptrend and holds for 20 sessions at most, selling at the first of four exits: RSI(2) closing above 60, a close above the prior day’s high, the 15% closing stop or 20 sessions.
Why is the stop judged on the close?
Stocks that just broke below their lower band often swing hard during the day. Judging the 15% stop on the close means an intraday drop that recovers does not end the trade; a close at or below 15% under the entry does, and the stock is sold at the next open.
Why only the 500 most liquid stocks?
Buying at the open after a sharp drop needs tight spreads and enough volume to get in and out. The scan keeps stocks above $5 with a 50-day median dollar volume above $50 million that rank in the top 500 by that measure.
Why are free picks delayed?
Free pages are final-only and show picks five exchange sessions after the scan alert, like every other free scanner page. Members see current matches.
Is a Daily Dip match a reason to buy?
No. It is a screening result, not a recommendation, and the backtest on this page is hypothetical. We do not promise results.