Screening Filters & Rationale
Relative Volume (min: 1.5):
- Purpose: Identify stocks with trading activity significantly higher than usual.
- Rationale: High relative volume often indicates strong investor interest, which can drive short-term price movements.
RSI 14 (min: 30, max: 70):
- Purpose: Focus on stocks that are neither overbought nor oversold.
- Rationale: This range suggests balanced momentum, reducing the risk of extreme price reversals.
Price Above MA20:
- Purpose: Select stocks with prices above their 20-day moving average.
- Rationale: Indicates a short-term uptrend, aligning with the goal of achieving a 2% return.
Weekly Price Change Percentage (min: 0):
- Purpose: Ensure stocks have shown positive price movement over the past week.
- Rationale: Positive momentum increases the likelihood of continued short-term gains.
Is Trending (True):
- Purpose: Focus on stocks currently gaining attention in the market.
- Rationale: Trending stocks often experience increased demand, supporting potential price appreciation.
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.