Screening Filters & Rationale
Price (max: $1):
- Purpose: Identify stocks priced under $1 to meet the user's request for low-cost day trading opportunities.
- Rationale: Low-priced stocks can exhibit high volatility, creating potential for intraday profit.
Relative Volume (min: 1.5):
- Purpose: Focus on stocks with significant trading activity compared to their average volume.
- Rationale: Elevated relative volume often indicates increased interest and volatility, which are essential for day trading.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Ensure sufficient liquidity for smooth entry and exit during trades.
- Rationale: High turnover reduces the risk of slippage and ensures better execution of trades.
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.