Screening Filters & Rationale
Relative Volume (min: 1.8):
- Purpose: Identify stocks with significantly higher trading activity than usual.
- Rationale: Elevated volume often signals increased interest and potential price movement, ideal for swing trades.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Focus on liquid assets with sufficient trading activity.
- Rationale: High turnover ensures ease of entry and exit, reducing slippage risks.
RSI 14 (min: 35, max: 65):
- Purpose: Target assets in a neutral momentum range, avoiding overbought or oversold conditions.
- Rationale: This range suggests potential for price movement without extreme volatility.
Moving Average Relationship (PriceCrossAboveMA20):
- Purpose: Highlight assets showing bullish momentum by crossing above the 20-day moving average.
- Rationale: Such crossovers often indicate a potential upward trend, suitable for swing trades.
Weekly Price Change Percentage (min: 1.8%):
- Purpose: Select assets with a strong recent price performance.
- Rationale: Positive weekly price changes suggest momentum that could continue into the next week.
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.