Screening Filters
Relative Volume ≥ 1.5
- Purpose: Focus on names with significantly higher trading activity than usual.
- Rationale: When someone asks for “better ETFs to buy at the moment,” they’re implicitly looking for ideas that are currently in play, not illiquid or sleepy. A high relative volume (1.5x normal or more) flags securities under active institutional and retail attention, which often accompanies meaningful moves and better execution (tighter spreads, easier entry/exit).
RSI Category: “Moderate”
- Purpose: Avoid securities that are extremely overbought or oversold.
- Rationale: A “moderate” RSI means price isn’t at an extreme. If ITA is extended (overbought) or weak (oversold), this filter looks for alternatives that are technically healthier and less prone to an immediate snapback. For something you might buy “now,” you generally want momentum but not a chart stretched to an unsustainable level.
PriceAboveMA200 (Price above 200‑day Moving Average)
- Purpose: Ensure a positive long‑term trend.
- Rationale: Asking for “better” than ITA from a technical standpoint is often interpreted as “stronger trend, better technical setup.” Price above the 200‑day MA is a classic definition of a bullish long‑term trend. This avoids names in structural downtrends that might look cheap but are technically weaker than ITA.
1‑Month Price Change ≥ 7%
- Purpose: Capture recent outperformance and strong short‑term momentum.
- Rationale: A key way to define “better at the moment” is “outperforming recently.” A minimum +7% move over the last month filters for securities that have been noticeably stronger than the market and, likely, stronger than ITA over that same window. It prioritizes names with clear recent strength rather than lateral or lagging performance.
Theme: “Industrials Equities”
- Purpose: Stay in a sector broadly comparable to ITA’s economic exposure.
- Rationale: ITA is concentrated in aerospace & defense, which lives inside the wider Industrials space. Limiting results to Industrials Equities keeps the search in a similar macro/sector bucket—cyclical, tied to manufacturing, defense, and industrial activity—so the “better” ideas are relevant substitutes or complements to ITA’s theme, not random sectors.
Why Results Match
- The filters define “better at the moment” in technical terms: stronger recent performance (≥7% in a month), clear uptrend (above 200‑day MA), and high participation (relative volume ≥1.5).
- The RSI “moderate” constraint avoids overstretched charts, aiming for entries with a more balanced risk of near‑term reversal versus reward.
- Restricting to Industrials keeps the list aligned with ITA’s general sector exposure, so the alternatives are comparable rather than completely different types of risk.
So, while the screen returns individual industrial stocks rather than ETFs, each filter is aimed at finding instruments that are currently showing stronger, healthier technicals than a sector ETF like ITA.
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.