Price & Market BehaviorCore researchlive in productionNew

close strength drift

Updated dailyData needs: highlong onlyshort onlylong short
paper
2010
Source
Heston, S. L., Korajczyk, R. A., & Sadka, R. (2010). Intraday Patterns in the Cross-Section of Stock Returns. Journal of Finance; Bogousslavsky, V. (2016). Infrequent Rebalancing, Return Autocorrelation, and Seasonality. Journal of Finance.
Citation only, paper link pending.

In plain terms

A stock that finishes the day strong (rising into the bell and above its average price) tends to keep rising the next day.

How it works

The last-half-hour return and the close-vs-VWAP location proxy informed trading into the close (institutions executing on conviction). A strong close (high last-hour return and close above VWAP) reflects informed buying that persists into the next session; a weak close reflects informed selling.

No live results for this strategy yet. Charts appear once it has earned a top spot on at least one stock, either on its own or as part of a blend of several strategies.
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Data dependencies

  • Intraday features daily

    A data feed this strategy reads, refreshed on its normal schedule.

  • Daily prices

    Adjusted-close OHLCV for every US-listed ticker; primary price feed.

Expected edge

Informed close pressure (strong last-hour return plus close above VWAP) predicts next-day drift in the same direction.

Related families

Explore close strength drift on alphactor.ai

See which tickers this family is currently firing on, with live signals and rankings.

For informational and educational purposes only. Not financial advice. Learn more