Screening Filters & Rationale
Relative Volume (min: 3):
- Purpose: Identify stocks with trading activity significantly higher than usual.
- Rationale: High relative volume often signals increased interest and potential price movement, ideal for swing trading.
Beta (HighRisk):
- Purpose: Focus on high-volatility stocks.
- Rationale: High beta stocks tend to experience larger price swings, providing more opportunities for short-term gains.
Weekly Average Turnover (min: 5,000,000):
- Purpose: Ensure sufficient liquidity for easy entry and exit.
- Rationale: High turnover indicates active trading, reducing the risk of slippage during trades.
RSI 14 (min: 48, max: 52):
- Purpose: Target stocks in a neutral RSI range.
- Rationale: Neutral RSI suggests potential for a breakout in either direction, aligning with swing trading strategies.
Weekly Price Change Percentage (min: 4%):
- Purpose: Select stocks with significant weekly price movement.
- Rationale: A minimum 4% change indicates momentum, which is crucial for capturing short-term 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.