Screening Filters & Rationale
Relative Volume > 2.0:
- Purpose: Identify stocks with significantly higher trading activity than usual.
- Rationale: Elevated volume often indicates strong interest or momentum, which is crucial for short-term trades.
RSI (14) between 40 and 60:
- Purpose: Focus on stocks that are neither overbought nor oversold.
- Rationale: This range suggests potential for movement without being at extreme levels, ideal for short-term opportunities.
Price Above 20-Day Moving Average:
- Purpose: Select stocks in a short-term uptrend.
- Rationale: A price above the 20-day moving average indicates bullish momentum, aligning with short-term growth strategies.
Positive 1-Week Price Change:
- Purpose: Ensure recent upward price momentum.
- Rationale: A positive weekly change confirms short-term strength, reducing downside risk.
Positive 1-Month Price Change:
- Purpose: Confirm sustained upward momentum over a longer short-term period.
- Rationale: A positive monthly change supports the likelihood of continued performance, complementing short-term 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.