Screening Filters
Relative Volume (relative_vol: {'min': '1.5'}):
- Purpose: To identify stocks with significantly higher trading activity compared to their average volume.
- Rationale: A relative volume above 1.5 indicates that the stock is experiencing heightened interest and activity, which can often precede short-term price movements. This aligns with the user's request for "short-term buys," as increased volume often signals momentum or news-driven opportunities.
Weekly Average Turnover (weekly_average_turnover: {'min': '1000000'}):
- Purpose: To ensure the stocks have sufficient liquidity for trading.
- Rationale: A minimum weekly turnover of $1,000,000 ensures that the selected stocks are actively traded and have enough liquidity to allow for efficient entry and exit, which is crucial for short-term trading strategies.
Weekly Price Change Percentage (week_price_change_pct: {'min': '2'}):
- Purpose: To focus on stocks that have shown positive momentum over the past week.
- Rationale: A minimum price change of 2% over the week highlights stocks that are already trending upward, making them more likely to continue their momentum in the short term. This filter directly supports the user's goal of finding potential short-term buys.
Moving Average Relationship (moving_average_relationship: ['PriceAboveMA20']):
- Purpose: To identify stocks trading above their 20-day moving average.
- Rationale: Stocks trading above their 20-day moving average are generally considered to be in an uptrend. This filter ensures that the selected stocks are in a bullish phase, which is favorable for short-term buying opportunities.
Why Results Match:
- The filters collectively focus on stocks with strong recent momentum (weekly price change and moving average relationship), high trading activity (relative volume), and sufficient liquidity (weekly turnover). These are all critical factors for identifying short-term trading opportunities.
- By combining these criteria, the screener narrows down the list to stocks that are not only trending upward but also have the liquidity and volume to support active trading, which is essential for short-term strategies.
Why No Results Were Found:
- The combination of filters may have been too restrictive, especially if the market conditions at the time did not produce many stocks meeting all the criteria. For example, requiring both a 2% weekly price increase and a relative volume above 1.5 might exclude stocks that are trending but have not yet seen a surge in volume.
- Additionally, market conditions (e.g., a bearish market or low volatility period) could limit the availability of stocks that meet these specific short-term criteria.
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.