Screening Filters & Rationale
Relative Volume (min: 1.5):
- Purpose: Identify stocks with significantly higher trading activity compared to their average.
- Rationale: Elevated volume often signals strong investor interest, a key indicator for momentum strategies.
Beta (HighRisk):
- Purpose: Focus on high-beta stocks that are more volatile than the market.
- Rationale: High-beta stocks tend to exhibit stronger price movements, aligning with momentum-style investing.
RSI 14 (min: 65, max: 70):
- Purpose: Target stocks with RSI in the upper range, indicating bullish momentum without being overbought.
- Rationale: This range suggests sustained upward momentum while avoiding potential reversals.
Price Above MA20:
- Purpose: Select stocks trading above their 20-day moving average.
- Rationale: This filter ensures the stock is in a short-term uptrend, a key characteristic of momentum stocks.
Quarterly Price Change % (min: 0):
- Purpose: Include stocks with positive price performance over the last quarter.
- Rationale: Positive quarterly performance confirms recent upward momentum, supporting a momentum-based strategy.
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.