Day trade stock

Screening Filters & Rationale

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.