Elite pharma

Screening Filters

1. Volume > 0

   • Purpose: Ensures the stock is actively traded.
   • Rationale: Even though the threshold is minimal, it excludes illiquid or non-trading names so the screen focuses on stocks that can actually be analyzed and traded.

2. Weekly average dollar volume > 0

   • Purpose: Confirms the stock has measurable trading activity in dollar terms.
   • Rationale: This helps avoid symbols with no meaningful market participation and supports identification of stocks with at least some liquidity.

3. Price above 20-day moving average and 200-day moving average

   • Purpose: Screens for stocks trading above both short-term and long-term trend lines.
   • Rationale: For a name like Elite Pharma, this is useful if the goal is to identify shares with positive price momentum and a broader uptrend rather than weak or deteriorating charts.

4. RSI category: moderate

   • Purpose: Targets stocks that are neither extremely overbought nor oversold.
   • Rationale: A moderate RSI suggests the stock may still have room to move without being stretched, which is helpful when analyzing a stock for a balanced entry point.

5. Sector: Healthcare, Pharmaceuticals & Medical Research

   • Purpose: Narrows the search to the relevant industry ecosystem.
   • Rationale: Since Elite Pharma is a healthcare/pharmaceutical-related company, this filter keeps the screen aligned with comparable businesses and removes unrelated sectors.

6. Industry: Biotechnology & Medical Research, Pharmaceuticals

   • Purpose: Focuses on the most relevant sub-industries.
   • Rationale: This makes the screen more precise for companies like Elite Pharma, where drug development, pharma operations, or biotech exposure are the key comparison set.

7. Themes: Biotech, Cancer Research, Genomics, Medical Instruments & Supplies

   • Purpose: Captures innovation-driven healthcare names.
   • Rationale: These themes are often associated with companies that have clinical, research, or product-development catalysts. If Elite Pharma is being analyzed in a biotech/pharma context, these themes help surface similarly positioned stocks.

8. Price > EMA 20

   • Purpose: Confirms short-term bullish momentum.
   • Rationale: This reinforces the moving-average trend filter and helps ensure the stock is trading constructively in the near term.

9. Price > EMA 60

   • Purpose: Confirms medium-term trend strength.
   • Rationale: This reduces the chance of selecting stocks that only had a brief bounce and instead favors names with more sustained strength.

10. Volume > weekly average dollar volume

• Purpose: Looks for unusually strong trading activity versus the norm.
• Rationale: Elevated volume can signal increased investor interest, news flow, or a breakout attempt, all of which are important when analyzing a stock like Elite Pharma.

Why Results Match:

• The filters are designed to find healthcare/pharma stocks with positive trend characteristics, which fits an analysis of Elite Pharma if the intent is to compare it against similar stocks or identify peers with stronger technical setups.
• The sector, industry, and theme filters ensure the results stay in the same business universe, making comparisons more relevant.
• The price above moving averages, RSI moderation, and volume conditions focus on stocks with a healthier technical profile and active market attention, which is useful for evaluating near-term strength rather than just fundamental classification.
• Together, these filters help surface stocks that are relevant, tradable, and technically constructive within the biotech/pharmaceutical space.