Screening Filters & Rationale
Market Cap ≥ $1 billion:
- Purpose: Focus on large-cap and mid-cap stocks for better liquidity and stability in daily trading.
- Rationale: Larger market cap stocks typically have higher trading volumes and tighter spreads, making them suitable for short-term trades.
Relative Volume ≥ 1.2:
- Purpose: Identify stocks with increased trading activity compared to their average.
- Rationale: Higher relative volume indicates heightened interest, which can lead to stronger price movements ideal for daily trading.
RSI (14) ≥ 40:
- Purpose: Avoid oversold stocks and focus on those with upward momentum.
- Rationale: RSI above 40 suggests the stock is not in a bearish zone, aligning with short-term trading strategies.
Weekly Price Change ≥ 2%:
- Purpose: Target stocks with significant recent price movement.
- Rationale: A weekly price increase of at least 2% indicates volatility and potential for profitable intraday trades.
Trending = True:
- Purpose: Focus on stocks currently gaining market attention.
- Rationale: Trending stocks often experience higher volatility and volume, creating opportunities for daily traders.
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.