Screening Filters & Rationale
weekly_average_turnover (min: 1,000,000):
- Purpose: Ensures the stock has sufficient liquidity for easy buying and selling.
- Rationale: High turnover indicates active trading, reducing the risk of price manipulation and ensuring smoother transactions.
rsi_14 (max: 30):
- Purpose: Identifies stocks that are potentially oversold based on relative strength index (RSI).
- Rationale: An RSI below 30 suggests the stock may be undervalued and due for a potential rebound.
month_price_change_pct (max: 0):
- Purpose: Focuses on stocks with no positive price movement over the past month.
- Rationale: This highlights stocks that have been underperforming, aligning with the "extremely oversold" criteria.
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.