Screening Filters & Rationale
Relative Volume (min: 1.5):
- Purpose: Identify stocks with trading activity significantly higher than usual.
- Rationale: High relative volume indicates increased interest, which is crucial for day trading opportunities.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Focus on stocks with high liquidity.
- Rationale: High turnover ensures ease of entry and exit during trades, reducing slippage.
RSI 14 (min: 30, max: 70):
- Purpose: Target stocks that are neither overbought nor oversold.
- Rationale: This range suggests balanced momentum, ideal for short-term price movements.
Weekly Price Change Percentage (min: 5%):
- Purpose: Select stocks with significant price movement over the past week.
- Rationale: Strong price changes indicate volatility, which is essential for day trading profits.
Is Trending (True):
- Purpose: Focus on stocks currently gaining market attention.
- Rationale: Trending stocks often exhibit predictable patterns, aiding in short-term trading strategies.
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.