Find strong momentum

Screening Filters

1. Relative Volume (relative_vol: {'min': '1.5'}):

   • Purpose: To identify stocks with significantly higher trading activity compared to their average volume.
   • Rationale: A relative volume above 1.5 indicates that the stock is experiencing at least 1.5 times its normal trading activity. This is often a sign of strong momentum, as increased volume typically accompanies significant price movements and heightened investor interest.

2. RSI Category (rsi_category: ['overbought']):

   • Purpose: To focus on stocks that are in the "overbought" category based on the Relative Strength Index (RSI).
   • Rationale: An overbought RSI suggests that a stock has experienced strong upward momentum and may be trading at elevated levels. While this can sometimes indicate a potential pullback, it is also a sign of strong recent momentum, aligning with the user's request.

3. Weekly Price Change Percentage (week_price_change_pct: {'min': '0'}):

   • Purpose: To filter for stocks that have shown positive price movement over the past week.
   • Rationale: A minimum weekly price change of 0 ensures that only stocks with upward momentum in the short term are included. This helps to further refine the search for stocks that are currently trending upward.

Why Results Match:

• The combination of these filters ensures that the screener identifies stocks with strong momentum by focusing on high trading activity (relative volume), recent upward price movement (weekly price change), and technical indicators of strong buying pressure (overbought RSI).
• Together, these criteria capture stocks that are experiencing heightened interest and upward momentum, which aligns well with the user's request to "find strong momentum."