Screening Filters & Rationale
Relative Volume (min: 2):
- Purpose: Identify stocks with trading activity at least twice the average volume.
- Rationale: High relative volume indicates increased interest and potential price movement, which is crucial for daily trading opportunities.
Beta (HighRisk):
- Purpose: Focus on stocks with high beta values to capture significant price fluctuations.
- Rationale: High beta stocks are more volatile, offering greater potential for intraday price swings suitable for day trading.
Weekly Average Turnover (min: 5,000,000):
- Purpose: Ensure sufficient liquidity for seamless entry and exit during trades.
- Rationale: High turnover reflects active trading, reducing the risk of slippage and ensuring efficient execution of trades.
RSI 14 (min: 40, max: 60):
- Purpose: Target stocks in a neutral RSI range to avoid overbought or oversold conditions.
- Rationale: Neutral RSI levels suggest potential for price movement in either direction, ideal for day trading strategies.
Weekly Price Change Percentage (min: 0):
- Purpose: Focus on stocks with positive weekly price momentum.
- Rationale: Positive price changes indicate upward momentum, increasing the likelihood of profitable intraday trades.
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.