Screening Filters & Rationale
Price (max: $195):
- Purpose: To identify stocks within the user's budget of $195.
- Rationale: Ensures affordability and aligns with the user's available capital for investment.
Relative Volume (min: 1.5):
- Purpose: To focus on stocks with significantly higher trading activity than usual.
- Rationale: High relative volume often indicates increased interest and potential for short-term price movement.
Weekly Average Turnover (min: $1,000,000):
- Purpose: To select stocks with sufficient liquidity.
- Rationale: High turnover ensures ease of entry and exit, critical for short-term trading.
RSI 14 (min: 30, max: 70):
- Purpose: To avoid overbought or oversold stocks.
- Rationale: Stocks within this RSI range are considered to have balanced momentum, reducing the risk of extreme volatility.
Moving Average Relationship (PriceAboveMA20):
- Purpose: To identify stocks in an uptrend.
- Rationale: Price above the 20-day moving average suggests positive short-term momentum, aligning with short-term 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.