Screening Filters & Rationale
Price (max: $3):
- Purpose: To identify penny stocks that are affordable and accessible for investors seeking high-growth potential.
- Rationale: Stocks under $3 often attract speculative investors and can exhibit significant price movements.
Weekly Average Turnover (min: 1,000,000):
- Purpose: To ensure sufficient liquidity for ease of trading and reduced price manipulation.
- Rationale: High turnover indicates active trading, which supports better price discovery and exit opportunities.
RSI 14 (max: 70):
- Purpose: To identify stocks that are not yet overbought but exhibit bullish momentum.
- Rationale: RSI below 70 suggests upward momentum without being in overbought territory, reducing the risk of immediate pullbacks.
Moving Average Relationship (PriceAboveMA20, PriceAboveMA200):
- Purpose: To confirm that the stock is in a sustained uptrend.
- Rationale: Price above both short-term (20-day) and long-term (200-day) moving averages indicates strong bullish sentiment and trend consistency.
Quarterly EPS QoQ Growth (min: 10%):
- Purpose: To focus on companies with improving profitability.
- Rationale: Positive earnings growth signals financial health and potential for continued performance improvement.
Quarterly Revenue QoQ Growth (min: 10%):
- Purpose: To target companies with increasing sales and operational growth.
- Rationale: Revenue growth reflects strong demand for the company's products or services, supporting future earnings potential.
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.