Screening Filters & Rationale
Market Cap >= $2 billion:
- Purpose: Focus on mid-to-large-cap stocks for stability and liquidity.
- Rationale: Larger companies are less volatile and more likely to sustain gains over the short term.
Relative Volume >= 2:
- Purpose: Identify stocks with significantly higher trading activity than usual.
- Rationale: Increased volume often signals heightened investor interest and potential price momentum.
RSI (14) between 40 and 70:
- Purpose: Target stocks that are neither overbought nor oversold.
- Rationale: This range suggests a balanced momentum, with room for potential upward movement.
Price Above 20-Day Moving Average:
- Purpose: Focus on stocks in a short-term uptrend.
- Rationale: Stocks trading above their 20-day moving average often indicate positive momentum.
Week Price Change >= 0%:
- Purpose: Eliminate stocks with negative weekly performance.
- Rationale: Ensures focus on stocks already showing upward price movement.
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.