Screening Filters & Rationale
Price Change Percentage (price_change_pct >= 0):
- Purpose: Identifies stocks with positive or neutral price movement.
- Rationale: Ensures the stock is not in a downward trend, which is critical for day trading opportunities.
Relative Volume (relative_vol >= 1.5):
- Purpose: Focuses on stocks with significantly higher trading activity than usual.
- Rationale: High relative volume indicates increased interest, which often leads to better price movement for day trading.
Weekly Average Turnover (weekly_average_turnover >= 1,000,000):
- Purpose: Ensures sufficient liquidity for entering and exiting trades.
- Rationale: High turnover minimizes the risk of slippage and ensures smoother transactions.
RSI 14 (rsi_14 between 45 and 55):
- Purpose: Targets stocks in a neutral RSI range.
- Rationale: Neutral RSI suggests the stock is not overbought or oversold, providing balanced trading opportunities.
Price Crossing Above 5-Day Moving Average (PriceCrossAboveMA5):
- Purpose: Highlights stocks showing short-term bullish momentum.
- Rationale: A price crossing above the 5-day moving average often signals a potential upward trend, ideal for day trading.
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.