Screening Filters & Rationale
Market Cap (max: $1,000,000,000):
- Purpose: Focus on small-cap companies with higher growth potential.
- Rationale: Smaller market cap stocks often exhibit higher volatility, aligning with the goal of identifying bullish penny stocks.
Price (max: $5):
- Purpose: Limit the selection to penny stocks.
- Rationale: Stocks priced under $5 are typically classified as penny stocks, fitting the user's request.
Relative Volume (min: 2):
- Purpose: Identify stocks with significantly increased trading activity.
- Rationale: High relative volume suggests heightened investor interest, which can precede bullish movements.
Moving Average Relationship (PriceCrossAboveMA20):
- Purpose: Highlight stocks showing positive momentum.
- Rationale: A price crossing above the 20-day moving average indicates a potential upward trend.
Weekly Price Change Percentage (min: 2%):
- Purpose: Focus on stocks with recent upward momentum.
- Rationale: A minimum 2% weekly price increase suggests bullish sentiment and potential continuation.
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.