Screening Filters & Rationale
Market Cap (min: $100 billion):
- Purpose: Focus on large-cap stocks with established market presence.
- Rationale: Large-cap companies are typically more stable and have a proven track record, aligning with a focus on top-performing stocks.
Relative Volume (min: 3):
- Purpose: Identify stocks with significantly higher trading activity than usual.
- Rationale: Increased relative volume often indicates heightened investor interest and potential price momentum.
Weekly Average Turnover (min: $20 million):
- Purpose: Ensure liquidity and ease of trading.
- Rationale: High turnover reflects active trading, reducing the risk of illiquidity and ensuring smoother transactions.
RSI 14 (min: 68, max: 70):
- Purpose: Target stocks nearing overbought levels but not excessively so.
- Rationale: RSI in this range suggests strong upward momentum without being at extreme levels that might indicate a reversal.
Monthly Price Change Percentage (min: 0%):
- Purpose: Focus on stocks with positive price performance over the past month.
- Rationale: Positive price change indicates recent strength and aligns with identifying top-performing stocks.
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.