Key takeaways · 6
- Recent IPOs, names that listed inside the window, are where a large share of momentum runs begin, because a young listing carries almost no overhead supply.
ipos rs>85 | sort pwrisolates the strong ones. iposis a source that filters the universe to names first listed inside a window, defaulting to the last year. The window argument tightens it:ipos 6m,ipos 3m.- Adding
rs>85keeps only young names already ranking in the top band of relative strength; the trailing| sort pwrorders what survives by absolute Power. - On the 2026-07-08 close,
ipos rs>85 | sort pwrreturned 44 names, from WOLF at RS 96 and SPCX at RS 99 down to the low edge of the RS-85 band. - Honest gap: only WOLF (99) and MOVE (87) show a Power value in this shot, because Power needs about 252 trading sessions to compute and most recent IPOs are too young to qualify.
- "Recent IPO" and "Power" partly exclude each other: a stock under a year old can be RS-ranked on shorter windows but is not yet Power-scored. The reading is end-of-day and reports conditions, not a trade.
Where the biggest runs start
To find strong recent IPOs, filter the market down to stocks that listed inside the last year and keep only the ones already ranking near the top on relative strength. In the tickerstance terminal that is one line, ipos rs>85 | sort pwr, and on the 2026-07-08 close it returned 44 young names, from WOLF at RS 96 down to the low edge of the RS-85 band. A stock's age is a feature here rather than a footnote, and the screen is worth reading with that in mind.
The idea is old. William O'Neil put it in the letters of CANSLIM: the N stands for new, a new company, a new product, a new management, driving the stock to new highs. Kristjan Kullamägi, who compounded a small account into nine figures, built much of his method on recent IPOs and freshly public leaders for the same reason. New merchandise is where a durable trend most often begins.
The catch for a self-directed trader is that the youngest, fastest names are exactly the ones a standard leader screen tends to miss, because a stock with only a few months of history has almost no long track record to rank against. The ipos source exists to put those names back on the table.
Why a young listing trends cleanly: overhead supply
The mechanical reason young stocks move is overhead supply, the stock held by everyone who bought higher and is now waiting to get back to even. In a name that has traded for years, every prior peak is a shelf of trapped buyers. When price rallies back toward one of those shelves, that supply comes loose and caps the move, so the stock has to grind through years of it to trend.
A recent IPO has almost none of that. There is no cohort of longs from three years ago sitting on a loss, because three years ago the stock did not trade publicly. The float is often small, the price history is short, and once real demand arrives there is little old supply standing in its way. That is why the steepest trends so often show up in names that have been public for months rather than decades.
So the question, made concrete, is which stocks listed inside the window and which of those are already strong. ipos answers the first half; relative strength answers the second.
A recent listing has no cohort of higher-priced buyers waiting to sell into strength, so there is little overhead supply for demand to absorb. The old name grinds into its shelves.
The 44 young names
ipos is a source. It filters the whole universe down to names that first listed inside a window, defaulting to the last year, and it takes a window argument (ipos 6m, ipos 3m) the same way the rest of the terminal takes time. On its own it hands you every recent listing, strong and weak alike.
Adding rs>85 narrows that list to young names already ranking in the top band of relative strength, where 85 means the stock is outrunning roughly 85 percent of the market. Space-separated filters combine automatically, so ipos rs>85 reads as recent-listing AND top-RS. The trailing | sort pwr orders what survives by Power, the absolute-strength reading, pushing the names with the most raw thrust toward the top.
On the session below the screen returned 44 names. WOLF leads at RS 96 on the heaviest turnover of the group, roughly 443 million dollars of volume, with SPCX close behind at RS 99 and nearly ten billion in dollar volume. Further down sit HQ at RS 98 up about one percent on the day, MANE at RS 97, SHAZ at RS 98 up around six percent, AKTS at RS 94 up four, VHUB at RS 94, and PURR at RS 93. Every name on the list is both young and strong, surfaced from the whole universe in a single line.
ipos rs>85 | sort pwr on the 2026-07-08 close. 44 names that listed inside the last year and rank above RS 85, sorted by absolute Power. Only WOLF (99) and MOVE (87) carry a Power value; the rest are too young to have one yet.The honest gap: why Power is blank on most of them
Look down the PWR column in the screen above and most of it is empty. Only WOLF (99) and MOVE (87) carry a Power number. That is not a rendering bug. It is the data being honest about what it can and cannot compute.
Power is an absolute-strength reading, and it needs a full year of price history, about 252 trading sessions, to calculate. A stock that went public four months ago has not lived long enough to have one. Relative strength is different: it can be measured over shorter windows, so a young name can earn an RS of 96 while its Power cell stays blank.
The result is a real tension. "Recent IPO" and "Power" partly exclude each other by construction: the very youth that gives a name its clean-trend edge is the same youth that denies it a Power score. So on this particular screen you sort by Power and watch most of the field sort as blanks, with the two oldest names in the young cohort floating to the top. Read the RS column as the live signal here, and treat a filled-in Power cell as a bonus reserved for the names that have crossed the one-year line.
Tightening the window: ipos 6m and ipos 3m
The window argument is where ipos earns its keep. ipos rs>85 looks back a full year by default, which is a broad definition of recent. Kullamägi's own framing leaned younger, toward names public for a matter of months, and the terminal lets you match that: ipos 6m rs>85 keeps only strong names that listed inside the last six months, and ipos 3m narrows to the freshest quarter of listings.
Tightening the window trades size for youth. A one-year net catches 44 strong names on this close; a three-month net catches fewer, but every one of them is newer merchandise with even less price history behind it. Which window is right depends on how you define recent, and the terminal simply reports the count either way.
Reading young strength with care
Everything here comes off the close. Every RS, every Power number, every dollar-volume figure is stamped with the session it was computed from. A list you pull after Tuesday's close describes Tuesday, not what opens Wednesday morning.
One reading is a snapshot, not a trend. A young name can top the RS band for a day on a single burst of volume and fade the next week. What matters in a recent IPO is whether the strength holds as the stock builds price history, which is a thing you watch over sessions, not something a single screen can settle.
And the terminal reports conditions; it does not tell you what to do about them. "These 44 recent listings are ranking above RS 85 tonight" is a fact about the tape. Whether any of them fits your timeframe, your risk, or your plan is a judgment the terminal leaves entirely to you. It shows you where the young strength is; the trade is yours.
Where to find the young names
The ipos source, its window arguments, and the RS and Power columns are all in the tickerstance terminal, where a typed line is how you ask the tape a plain question. The interactive terminal is a Pro feature at $28 a month, grandfathered, and everything it computes is end-of-day and point-in-time honest, with no "here is what to buy" attached.
Open the terminal and type ipos rs>85 | sort pwr for tonight's strong young names, then tighten to ipos 6m rs>85 or ipos 3m to trade breadth for youth. The names that hold near the top of the RS band as they age are the ones that were worth watching from the start.
Frequently asked questions
Why do recent IPOs make some of the biggest moves?
Because a freshly listed stock carries almost no overhead supply. There is no cohort of buyers from years of higher prices sitting on a loss and waiting to sell into strength, so once real demand arrives the stock can trend without grinding through old supply. William O'Neil built the N in CANSLIM around this (new company, new product, new highs), and Kristjan Kullamägi leaned heavily on recent IPOs for the same reason.
How do I screen for strong recent IPOs?
In the tickerstance terminal, ipos rs>85 | sort pwr does it in one line. ipos filters the universe to names that listed inside the window, rs>85 keeps only those already ranking in the top band of relative strength, and | sort pwr orders the survivors by absolute Power. On the 2026-07-08 close it returned 44 names.
What does the ipos command do in the terminal?
ipos is a source that filters the whole universe down to stocks that first listed inside a lookback window, defaulting to the last year. You tighten it with a window argument: ipos 6m keeps names public for six months or less, ipos 3m narrows to the freshest quarter. Combine it with any other filter, for example ipos rs>85.
Why is the Power column blank for most recent IPOs?
Power is an absolute-strength reading that needs about 252 trading sessions, a full year of price history, to compute. Most recent IPOs are too young to have that history, so their Power cell is blank. It is the data being honest, not a bug. Relative strength can still be measured over shorter windows, which is why a young name can carry an RS of 96 while its Power stays empty.
What is overhead supply and why does it matter for IPOs?
Overhead supply is the stock held by everyone who bought at higher prices and is waiting to get back to even. In an older name, each prior peak is a shelf of trapped buyers that caps rallies. A recent IPO has almost none of it, because the stock did not trade publicly a few years ago, so there is little old supply to absorb before it can trend cleanly.
How recent is a "recent IPO" in this screen?
ipos defaults to a one-year window, so by default it counts any stock that listed inside the last twelve months. You can narrow that definition with a window argument: ipos 6m rs>85 limits it to the last six months, and ipos 3m to the last three. Tightening the window trades the number of names for younger merchandise.
Is the recent-IPO screen real-time?
No. The tickerstance terminal is end-of-day. Every RS, Power, and dollar-volume figure is stamped with the market close it was computed from, and there are deliberately no live intraday quotes. A list you pull after the close describes the session that ended, not the next one.