Scan 5,000+ stocks for relative strength new highs vs SPY while price is still below its own high. The coiled spring divergence. Each setup graded A+ to B.
When a stock's relative strength line (price divided by SPY) makes a new 52-week high but the stock's own price is still 5-20% below its high, it creates one of the most powerful divergence setups in technical analysis. The RS line is telling you that institutional money is flowing into this stock more aggressively than the market — and the price hasn't caught up yet. This is the coiled spring setup that Mark Minervini and William O'Neil both highlighted as a precursor to major advances.
For RS new high setups, an A+ grade means the RS line is at a new 52-week high while price is 10-20% below its own 52-week high, above stacked moving averages with stable volume. An A grade requires RS within 2% of its high with price 5-15% below. B+ allows RS within 5%. B meets minimum divergence criteria. This is not a prediction of future price movement — it is a way to prioritize which charts deserve your attention first.
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