Screening Filters
Relative Volume (relative_vol: {'min': '1.5'}):
- Purpose: To identify stocks with significantly higher trading activity compared to their average volume.
- Rationale: Momentum stocks often exhibit increased trading volume as they gain attention from traders and investors. A relative volume above 1.5 indicates that the stock is trading at least 50% more than its average volume, which is a strong indicator of momentum.
Weekly Price Change Percentage (week_price_change_pct: {'min': '0'}):
- Purpose: To filter for stocks that have shown positive price movement over the past week.
- Rationale: Momentum stocks typically exhibit upward price trends. By setting a minimum of 0%, the filter ensures that only stocks with positive weekly performance are considered, aligning with the momentum theme.
RSI Category (rsi_category: ['overbought']):
- Purpose: To identify stocks that are currently in the "overbought" category based on the Relative Strength Index (RSI).
- Rationale: Stocks in the overbought category (RSI > 70) are often experiencing strong upward momentum. While this could indicate a potential pullback in the future, it also highlights stocks that are currently in high demand and trending strongly.
Moving Average Relationship (moving_average_relationship: ['PriceAboveMA20']):
- Purpose: To ensure that the stock's price is above its 20-day moving average.
- Rationale: A stock trading above its 20-day moving average is a technical indicator of short-term bullish momentum. This filter ensures that the stock is in an upward trend, which is a key characteristic of momentum stocks.
Why Results Match:
- The selected filters collectively focus on identifying stocks with strong recent performance, high trading activity, and technical indicators of upward momentum.
- The Relative Volume filter ensures that the stocks are actively traded, which is a hallmark of momentum plays.
- The Weekly Price Change Percentage filter ensures that only stocks with positive recent performance are included, aligning with the user's request for momentum stocks.
- The RSI Category filter highlights stocks that are currently experiencing strong demand, which is often a sign of momentum.
- The Moving Average Relationship filter confirms that the stock is in a short-term uptrend, further reinforcing the momentum theme.
By combining these filters, the screener effectively narrows down the list to stocks that are most likely to exhibit momentum characteristics in the near term, making them suitable candidates for the user's query.
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.