Screening Filters & Rationale
Price Change Percentage (price_change_pct: -0.3 to 0.3):
- Purpose: To identify stocks with minimal price fluctuations.
- Rationale: Low volatility ensures manageable risk and better predictability for day trading strategies.
Relative Volume (relative_vol: ≥ 1.5):
- Purpose: To focus on stocks with significantly higher trading activity than usual.
- Rationale: Increased volume often indicates strong interest and potential for intraday price movements.
Beta (HighRisk):
- Purpose: To target stocks with high market sensitivity.
- Rationale: High beta stocks are more likely to experience larger price swings, creating opportunities for day traders.
Weekly Average Turnover (weekly_average_turnover: ≥ 1,000,000):
- Purpose: To ensure sufficient liquidity for entering and exiting trades quickly.
- Rationale: High turnover reduces the risk of slippage and ensures smoother trade execution.
Relative Strength Index (RSI_14: 20 to 70):
- Purpose: To avoid overbought or oversold stocks.
- Rationale: RSI within this range suggests balanced momentum, reducing the risk of sudden reversals.
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.