Screening Filters & Rationale
Relative Volume (min: 3):
- Purpose: Identify stocks with significantly higher trading activity compared to their average.
- Rationale: High relative volume often indicates strong interest or momentum, ideal for day or swing trading opportunities.
Beta (HighRisk):
- Purpose: Focus on high-beta stocks that are more volatile than the market.
- Rationale: Increased volatility provides more price movement, which is essential for short-term trading strategies.
Weekly Average Turnover (min: 15,000,000):
- Purpose: Ensure sufficient liquidity for entering and exiting trades efficiently.
- Rationale: High turnover minimizes slippage and supports active trading strategies.
RSI 14 (min: 48, max: 52):
- Purpose: Target stocks in a neutral RSI range, avoiding overbought or oversold conditions.
- Rationale: Neutral RSI levels suggest potential for price movement in either direction, suitable for short-term trades.
Weekly Price Change Percentage (min: 0):
- Purpose: Focus on stocks with positive price momentum over the past week.
- Rationale: Positive weekly performance indicates upward momentum, aligning with short-term trading goals.
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.