Screening Filters
PriceAboveMA5 (5‑day moving average)
- Purpose: Capture instruments in a short‑term uptrend.
- Rationale:
- In the USDHKD analysis, MACD was bullish and price action showed upward bias over the last few days.
- Requiring price to be above the 5‑day MA selects assets where recent price is stronger than the very short‑term average, mirroring USDHKD’s immediate upward momentum.
- This aligns with your intent to “buy into” a trend that is already moving in your favor rather than trying to catch a falling knife.
PriceAboveMA20 (20‑day moving average)
- Purpose: Ensure the short‑term strength is supported by a broader, ongoing uptrend.
- Rationale:
- Your USDHKD data show modest but persistent gains over 20 days (+0.32%), consistent with price holding above a medium‑term moving average.
- Requiring price above the 20‑day MA filters for assets where the current price is not just having a brief spike, but is in a sustained upward structure—similar to USDHKD’s steady, pegged‑like appreciation pattern.
- This combination (above 5‑ and 20‑day MAs) avoids names in downtrends or noisy chop.
MACD: bullish
- Purpose: Confirm positive momentum and trend continuation.
- Rationale:
- Your USDHKD snapshot showed: “MACD histogram is above 0 and positively expanding” – a textbook bullish MACD configuration.
- By screening for a bullish MACD, we’re looking for stocks where momentum is not only positive but also strengthening, echoing the USDHKD setup you’re preparing to buy into.
- This reduces the chance of picking names where price is above MAs but momentum is already rolling over.
PriceAroundSupport (Support/Resistance Relationship)
- Purpose: Find entries near support zones to improve reward‑to‑risk.
- Rationale:
- Your USDHKD analysis included detailed Fibonacci pivots and support levels (S1, S2, S3). A common trading approach is: buy bullish instruments on or near support to limit downside.
- The filter looks for prices trading near identified support, which is where a technically minded trader often seeks entry even in an ongoing uptrend.
- This matches the style implied by your question: you’re ready to buy now, but tactically, you want entries where the chart gives you a “floor” under the trade—similar to buying USDHKD slightly above key support levels.
1‑week price change % between 0% and 0.5%
- Purpose: Target instruments with relatively small, stable recent moves, akin to pegged/managed FX behavior.
- Rationale:
- USDHKD is a tightly managed pair: your data show +0.16% over 5 days and +0.32% over 20 days—very low volatility and tight ranges.
- By requiring the 1‑week change to be modest (0–0.5%), the screener focuses on assets that are trending but not exploding or crashing—mirroring the controlled, gradual movement of USDHKD.
- This avoids highly volatile stocks whose behavior would be very different from the pair you’re planning to buy.
Region: Hong Kong, China, US
- Purpose: Focus on markets most directly connected to USD and HKD flows.
- Rationale:
- USDHKD directly links the US dollar and Hong Kong dollar, with broader exposure to the Chinese economy.
- Stocks from Hong Kong and China can be sensitive to HKD peg dynamics, capital flows, and USD strength; US listings capture the USD side and globally traded names.
- Limiting regions to Hong Kong, China, and the US keeps results thematically relevant to the macro/FX backdrop underlying your USDHKD trade idea.
Exchange: XNYS, XNAS, XASE (NYSE, NASDAQ, AMEX)
- Purpose: Ensure results are liquid, widely traded, and easily accessible.
- Rationale:
- These major US exchanges list many Chinese/Hong Kong‑related companies (often via ADRs) and USD‑sensitive names, while also guaranteeing minimum listing and liquidity standards.
- This makes the screened stocks more practical complements or alternatives to a USDHKD trade for a sophisticated investor executing through mainstream brokers.
Why Results Match Your Intent
- The technical profile (price above key MAs + bullish MACD + price near support) is designed to mimic the bullish, momentum‑supported, “buy‑on‑support” setup you’re considering in USDHKD.
- The volatility and return constraints (very small weekly % change) are tuned to resemble USDHKD’s pegged‑like, low‑volatility behavior, not high‑beta swing names.
- The geographic and exchange filters tie the universe to markets most influenced by USD/HKD dynamics (US, Hong Kong, China) and ensure you’re looking at liquid, tradable instruments.
Overall, the filters were chosen to surface stocks whose technical behavior and macro context are aligned with the type of trade you’re looking to put on in USDHKD: stable, modestly bullish, with identifiable support levels and strengthening momentum.
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.