Screening Filters & Rationale
Relative Volume (min: 3):
- Purpose: Identify stocks with significantly higher trading activity compared to their average.
- Rationale: High relative volume indicates strong interest and volatility, which are essential for day trading opportunities.
Beta (HighRisk):
- Purpose: Focus on stocks with high beta values to capture greater price movements.
- Rationale: High beta stocks are more volatile, offering better potential for intraday price swings.
Weekly Average Turnover (min: 10,000,000):
- Purpose: Ensure sufficient liquidity for quick entry and exit during trades.
- Rationale: High turnover minimizes slippage and ensures smoother trade execution.
RSI 14 (min: 45, max: 55):
- Purpose: Target stocks in a neutral RSI range to avoid overbought or oversold conditions.
- Rationale: Neutral RSI levels suggest potential for price movement in either direction, ideal for day trading setups.
Weekly Price Change Percentage (min: 7%):
- Purpose: Select stocks with significant price movement over the past week.
- Rationale: High weekly price changes indicate momentum, increasing the likelihood of intraday volatility.
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.