Screening Filters & Rationale
Relative Volume (min: 1.0):
- Purpose: Identify stocks with trading activity significantly higher than usual.
- Rationale: High relative volume often indicates increased investor interest, which can drive short-term price movements.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Focus on stocks with sufficient liquidity for ease of trading.
- Rationale: High turnover ensures that the stock is actively traded, reducing the risk of price manipulation and slippage.
RSI 14 (min: 40, max: 85):
- Purpose: Select stocks that are neither overbought nor oversold.
- Rationale: This range indicates a balanced momentum, suggesting potential for further price appreciation without being overextended.
Weekly Price Change Percentage (min: 2%):
- Purpose: Target stocks already showing upward momentum.
- Rationale: A positive price change signals strength and potential continuation of the trend.
Is Trending (True):
- Purpose: Highlight stocks currently gaining attention in the market.
- Rationale: Trending stocks often attract more buyers, increasing the likelihood of short-term price gains.
This list is generated based on data from one or more third party data providers. It is provided for informational purposes only by Intellectia.AI, and is not investment advice or a recommendation. Intellectia does not make any warranty or guarantee relating to the accuracy, timeliness or completeness of any third-party information, and the provision of this information does not constitute a recommendation.