Screening Filters & Rationale
Relative Volume (min: 1.5):
- Purpose: Identify stocks with significantly higher trading activity compared to their average.
- Rationale: High relative volume often indicates increased investor interest, which can lead to short-term price movements.
Beta (ModerateRisk, HighRisk):
- Purpose: Focus on stocks with moderate to high volatility.
- Rationale: Higher beta stocks tend to experience larger price swings, offering potential for quick profits.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Ensure liquidity by selecting stocks with high trading volume.
- Rationale: High turnover facilitates easier entry and exit, crucial for short-term trading strategies.
RSI 14 (max: 40):
- Purpose: Target oversold stocks with potential for a rebound.
- Rationale: A low RSI indicates that a stock may be undervalued and poised for a short-term recovery.
Weekly Price Change Percentage (min: 0):
- Purpose: Focus on stocks with positive momentum.
- Rationale: Positive weekly price changes suggest upward trends, aligning with quick profit goals.
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.