Screening Filters & Rationale
Market Cap (min: $50,000,000):
- Purpose: Focus on stocks with sufficient size and stability for day trading.
- Rationale: Ensures liquidity and reduces the risk of extreme volatility often seen in micro-cap stocks.
Relative Volume (min: 0.5):
- Purpose: Identify stocks with higher-than-usual trading activity.
- Rationale: Increased volume often signals heightened interest, creating opportunities for intraday price movements.
Weekly Average Turnover (min: $500,000):
- Purpose: Ensure adequate trading activity for smooth entry and exit.
- Rationale: High turnover indicates liquidity, which is critical for day trading strategies.
RSI 14 (min: 50):
- Purpose: Focus on stocks with upward momentum.
- Rationale: RSI above 50 suggests bullish sentiment, aligning with short-term trading opportunities.
Week Price Change % (min: -3%):
- Purpose: Avoid stocks with excessive recent declines.
- Rationale: Limits exposure to stocks in a strong downtrend, which may lack recovery potential during the day.
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.