Screening Filters & Rationale
Relative Volume (min: 1.5):
- Purpose: Identify stocks with trading activity significantly above average.
- Rationale: High relative volume indicates increased interest, which can lead to short-term price momentum suitable for swing trading.
Beta (HighRisk):
- Purpose: Focus on stocks with higher volatility.
- Rationale: High beta stocks tend to experience larger price swings, offering greater potential for short-term gains.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Ensure sufficient liquidity for easy entry and exit.
- Rationale: High turnover minimizes the risk of slippage and ensures trades can be executed efficiently.
Moving Average Relationship (PriceAboveMA20):
- Purpose: Select stocks in an uptrend.
- Rationale: A price above the 20-day moving average suggests bullish momentum, aligning with swing trading strategies.
Monthly Price Change Percentage (min: 0%):
- Purpose: Avoid stocks with negative recent performance.
- Rationale: Positive price change over the past month indicates upward momentum, increasing the likelihood of continued gains.
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.