Screening Filters & Rationale
price_change_pct (min: 0):
- Purpose: Identify stocks with positive price movement.
- Rationale: Positive price changes indicate upward momentum, which is essential for day trading opportunities.
relative_vol (min: 1.5):
- Purpose: Focus on stocks with higher-than-average trading activity.
- Rationale: Increased relative volume suggests heightened interest and potential for significant intraday price movements.
weekly_average_turnover (min: 1,000,000):
- Purpose: Ensure sufficient liquidity for quick entry and exit.
- Rationale: High turnover minimizes slippage and ensures smoother trade execution.
rsi_14 (min: 30, max: 70):
- Purpose: Target stocks that are neither overbought nor oversold.
- Rationale: RSI within this range indicates balanced momentum, reducing the risk of extreme price reversals.
is_optionable (True):
- Purpose: Include stocks with options trading availability.
- Rationale: Optionable stocks often have higher liquidity and attract active traders, making them suitable for day trading.
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.
