Screening Filters & Rationale
Price (max $5):
- Purpose: To identify penny stocks that are affordable and accessible for investors with limited capital.
- Rationale: Stocks under $5 are often considered high-risk, high-reward opportunities, aligning with speculative investment strategies.
Price Change Percentage (min 10%):
- Purpose: To focus on stocks experiencing significant daily price movement.
- Rationale: A 10% or greater increase indicates strong momentum or positive market sentiment.
Relative Volume (min 1.5):
- Purpose: To identify stocks with trading activity significantly higher than their average.
- Rationale: A relative volume above 1.5 suggests heightened interest or news-driven activity, which can signal potential opportunities.
Weekly Average Turnover (min $1,000,000):
- Purpose: To ensure sufficient liquidity for ease of entry and exit in trades.
- Rationale: A minimum turnover of $1,000,000 indicates active trading and reduces the risk of illiquidity.
Shares Outstanding (max 50,000,000):
- Purpose: To target smaller-cap stocks with potentially higher growth potential.
- Rationale: Companies with fewer shares outstanding often exhibit higher volatility, which can lead to larger price swings.
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.