Screening Filters & Rationale
Price (max: 20):
- Purpose: To identify low-priced stocks that are affordable for investors seeking value opportunities.
- Rationale: Stocks priced under $20 are often considered "cheap" and can attract retail investors looking for growth potential.
Price Change Percentage (min: 0):
- Purpose: To focus on stocks that have shown positive price movement today.
- Rationale: Positive price changes indicate bullish momentum, aligning with the user's interest in stocks that are very bullish today.
Relative Volume (min: 1.5):
- Purpose: To filter for stocks experiencing significantly higher trading activity than usual.
- Rationale: High relative volume suggests increased investor interest, often accompanying strong price movements.
RSI 14 (min: 70):
- Purpose: To identify stocks that are currently overbought, signaling strong bullish momentum.
- Rationale: An RSI above 70 indicates strong upward momentum, which aligns with the user's bullish focus.
Moving Average Relationship (PriceAboveMA20):
- Purpose: To ensure the stock's price is trending above its 20-day moving average, confirming an upward trend.
- Rationale: A price above the 20-day moving average is a technical indicator of sustained bullish momentum.
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.