Screening Filters & Rationale
Relative Volume (min: 0.8):
- Purpose: Identify stocks with trading activity close to or above their average volume.
- Rationale: Higher relative volume indicates increased interest, which can lead to short-term price movements.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Focus on liquid stocks with significant trading value.
- Rationale: High turnover ensures ease of entry and exit, critical for short-term trades.
Gap Pattern (GapUp, GapDown):
- Purpose: Target stocks with significant price gaps at market open.
- Rationale: Price gaps often signal strong momentum or news-driven moves, ideal for short-term trading.
Weekly Price Change Percentage (min: 0%):
- Purpose: Select stocks with positive price performance over the week.
- Rationale: Positive momentum increases the likelihood of continued upward movement.
Is Optionable (True):
- Purpose: Ensure the stock has options available for trading.
- Rationale: Optionable stocks are typically more liquid and attract active traders, aligning with short-term 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.