Screening Filters & Rationale
Moving Average Relationship (PriceAboveMA20):
- Purpose: Identify stocks with strong upward momentum.
- Rationale: Stocks trading above their 20-day moving average often indicate a bullish trend.
Candlestick Pattern (AscendingTriangle, DescendingTriangle):
- Purpose: Detect stocks forming key technical patterns.
- Rationale: Ascending and descending triangles signal potential breakouts or trend reversals, aligning with Fibonacci-based strategies.
Monthly Price Change Percentage (min: 0):
- Purpose: Focus on stocks with positive price performance.
- Rationale: Positive monthly price changes suggest upward momentum, complementing Fibonacci retracement levels.
Is Optionable (True):
- Purpose: Ensure the stock has options available for trading.
- Rationale: Optionable stocks provide flexibility for hedging or leveraging positions.
Support/Resistance Relationship (PriceBreakResistance, PriceFallBelowSupport):
- Purpose: Highlight stocks interacting with key support or resistance levels.
- Rationale: These interactions often align with Fibonacci retracement or extension levels, indicating potential entry or exit points.
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.