Screening Filters & Rationale
Price Change Percentage (price_change_pct >= 0):
- Purpose: To identify stocks with positive or neutral price movement.
- Rationale: Ensures the stock is not in a downward trend, which is critical for day trading opportunities.
Relative Volume (relative_vol >= 1.5):
- Purpose: To focus on stocks with significantly higher trading activity than usual.
- Rationale: High relative volume indicates increased interest and potential volatility, ideal for day trading.
Weekly Average Turnover (weekly_average_turnover >= 1,000,000):
- Purpose: To ensure sufficient liquidity for entering and exiting trades efficiently.
- Rationale: High turnover reduces the risk of slippage and ensures smoother trade execution.
RSI 14 (rsi_14 between 30 and 70):
- Purpose: To avoid overbought or oversold stocks.
- Rationale: Stocks within this RSI range are more likely to exhibit stable price movements, suitable for day trading.
Is Trending (is_trending = True):
- Purpose: To identify stocks currently gaining market attention.
- Rationale: Trending stocks often experience higher volatility and volume, creating more opportunities for intraday profits.
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.