Screening Filters & Rationale
Relative Volume (min: 1.0):
- Purpose: Identify stocks with trading activity at or above their average volume.
- Rationale: Increased volume often signals heightened interest, which can precede a breakout from consolidation.
Beta (LowRisk):
- Purpose: Focus on low-risk stocks with lower volatility compared to the market.
- Rationale: Low-beta stocks are less prone to erratic price movements, aligning with a consolidating pattern.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Ensure sufficient liquidity for smoother price action and easier entry/exit.
- Rationale: High turnover indicates active trading, reducing the risk of illiquid positions.
Moving Average Relationship (PriceBelowMA20, PriceAboveMA200):
- Purpose: Identify stocks in a short-term pullback within a long-term uptrend.
- Rationale: This setup suggests consolidation within a broader bullish trend, offering potential for upward continuation.
Support/Resistance Relationship (PriceAroundResistance, PriceAroundSupport):
- Purpose: Pinpoint stocks trading near key support or resistance levels.
- Rationale: Consolidation often occurs near these levels, providing potential breakout or reversal opportunities.
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.