Screening Filters & Rationale
Market Cap ≥ $1 billion:
- Purpose: Focus on established companies with significant market presence.
- Rationale: Larger market cap stocks are generally more stable and less prone to extreme volatility, aligning with short-term investment goals.
Relative Volume ≥ 1.5:
- Purpose: Identify stocks with higher-than-average trading activity.
- Rationale: Increased relative volume often indicates heightened investor interest, which can drive short-term price movements.
Weekly Average Turnover ≥ $1,000,000:
- Purpose: Ensure sufficient liquidity for easy entry and exit.
- Rationale: High turnover minimizes the risk of slippage and ensures efficient trade execution within a short timeframe.
RSI (14) between 30 and 70:
- Purpose: Target stocks that are neither overbought nor oversold.
- Rationale: RSI in this range suggests balanced momentum, reducing the risk of extreme price reversals.
Weekly Price Change % ≥ 0:
- Purpose: Focus on stocks with positive recent performance.
- Rationale: Positive price change indicates upward momentum, which is favorable for short-term gains.
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.