Screening Filters & Rationale
Price between $1 and $2:
- Purpose: To identify low-cost stocks suitable for small-cap or budget-conscious investors.
- Rationale: Stocks in this range are often undervalued or in early growth stages, offering potential upside.
Relative Volume ≥ 1.5:
- Purpose: To focus on stocks with higher-than-average trading activity.
- Rationale: Elevated relative volume indicates increased investor interest, which may signal potential price movement.
RSI ≤ 40:
- Purpose: To find stocks that may be oversold and poised for a rebound.
- Rationale: A low RSI suggests the stock is undervalued, aligning with a value or contrarian investment strategy.
Price above 5-day moving average:
- Purpose: To ensure the stock is showing short-term upward momentum.
- Rationale: This filter confirms the stock is trading above a key technical level, indicating potential strength.
Weekly price change ≥ 0%:
- Purpose: To exclude stocks with negative weekly performance.
- Rationale: Positive or stable weekly performance suggests resilience and aligns with a momentum-based approach.
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.