Screening Filters & Rationale
Relative Volume (min: 2.5):
- Purpose: Identify stocks with trading activity significantly higher than usual.
- Rationale: High relative volume often indicates strong interest or momentum, which is ideal for swing trading opportunities.
Beta (HighRisk):
- Purpose: Focus on high-beta stocks that are more volatile than the market.
- Rationale: Increased volatility can lead to larger price swings, providing more opportunities for short-term gains.
Weekly Average Turnover (min: 3,000,000):
- Purpose: Ensure sufficient liquidity for easy entry and exit.
- Rationale: High turnover reduces the risk of slippage and ensures trades can be executed efficiently.
RSI 14 (min: 45, max: 55):
- Purpose: Target stocks in a neutral RSI range, avoiding overbought or oversold conditions.
- Rationale: Neutral RSI levels suggest potential for a breakout or reversal, aligning with swing trading strategies.
Weekly Price Change Percentage (min: 3%):
- Purpose: Select stocks with significant weekly price movement.
- Rationale: A minimum price change ensures the stock has enough momentum to capitalize on short-term trends.
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.