Screening Filters & Rationale
Relative Volume (min: 2):
- Purpose: Identify stocks with trading activity at least twice the average volume.
- Rationale: High relative volume indicates increased interest and potential volatility, ideal for day trading opportunities.
Beta (HighRisk):
- Purpose: Focus on high-beta stocks that are more volatile than the market.
- Rationale: High volatility stocks provide larger intraday price swings, which are essential for day trading profits.
Weekly Average Turnover (min: 5,000,000):
- Purpose: Ensure sufficient liquidity for quick entry and exit.
- Rationale: High turnover minimizes slippage and allows for efficient trade execution.
RSI 14 (min: 40, max: 60):
- Purpose: Target stocks in a neutral RSI range to avoid overbought or oversold conditions.
- Rationale: Neutral RSI levels suggest potential for price movement in either direction, suitable for day trading strategies.
Week Price Change Percentage (min: 0):
- Purpose: Focus on stocks with positive price momentum over the past week.
- Rationale: Positive momentum indicates upward trends, increasing the likelihood of profitable intraday trades.
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.