Screening Filters & Rationale
GapDown:
- Purpose: Identify stocks with a significant downward price gap, signaling bearish momentum.
- Rationale: Gap-down patterns often indicate strong selling pressure or negative sentiment.
PriceBelowMA5 and PriceBelowMA20:
- Purpose: Highlight stocks trading below their short-term (5-day) and medium-term (20-day) moving averages.
- Rationale: Prices below these moving averages suggest a sustained downtrend and weak price action.
DescendingTriangle, HeadAndShoulder, BlackCandlestick:
- Purpose: Detect bearish technical patterns that indicate potential further price declines.
- Rationale: These patterns are commonly associated with trend reversals or continuation of a bearish trend.
PriceFallBelowSupport:
- Purpose: Identify stocks breaking below key support levels, confirming bearish sentiment.
- Rationale: A breach of support often triggers additional selling pressure, reinforcing the downtrend.
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.