Screening Filters & Rationale
Relative Volume (min: 1.5):
- Purpose: Identify stocks with trading activity significantly higher than usual.
- Rationale: High relative volume often indicates increased investor interest, which can amplify price movements.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Focus on liquid stocks with substantial trading value.
- Rationale: Ensures the stock is actively traded, reducing the risk of illiquidity.
Gap Pattern (GapUp, GapDown):
- Purpose: Find stocks with significant overnight price gaps.
- Rationale: Price gaps can signal strong market reactions to news or events, creating potential trading opportunities.
Weekly Price Change Percentage (min: -100, max: 100):
- Purpose: Include stocks with any price movement within a reasonable range.
- Rationale: Allows flexibility in capturing stocks with varying levels of volatility.
Is Optionable (True):
- Purpose: Ensure the stock has options available for trading.
- Rationale: Provides additional strategies for managing risk or leveraging positions.
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.