Screening Filters & Rationale
Price Change Percentage (price_change_pct >= 0):
- Purpose: Identify stocks with positive or neutral price movement.
- Rationale: Ensures focus on assets with upward or stable momentum, suitable for scalping opportunities.
Relative Volume (relative_vol >= 2.0):
- Purpose: Highlight stocks with trading activity at least twice their average volume.
- Rationale: Increased volume often signals heightened interest, creating more volatility for scalping.
Beta (HighRisk):
- Purpose: Select high-beta stocks with greater price sensitivity.
- Rationale: High-beta stocks are more volatile, providing frequent price swings ideal for day trading.
Weekly Average Turnover (weekly_average_turnover >= 5,000,000):
- Purpose: Ensure liquidity by focusing on stocks with high turnover.
- Rationale: High turnover reduces slippage risk and ensures smoother trade execution.
RSI 14 (rsi_14 between 40 and 60):
- Purpose: Target stocks in a neutral RSI range.
- Rationale: Neutral RSI indicates potential for breakout movements, aligning with scalping strategies.
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.