Screening Filters & Rationale
Price (max: $5):
- Purpose: Focus on penny stocks with a price under $5.
- Rationale: Stocks in this range are considered affordable and align with the user's interest in penny stocks.
Relative Volume (min: 1.2):
- Purpose: Identify stocks with trading activity at least 20% higher than their average.
- Rationale: Increased volume often signals heightened interest, which may precede bullish movement.
RSI 14 (max: 40):
- Purpose: Target stocks that are oversold based on the Relative Strength Index.
- Rationale: Oversold conditions can indicate potential for a price rebound.
Moving Average Relationship (PriceCrossAboveMA5, PriceAboveMA20):
- Purpose: Select stocks where the price has recently crossed above the 5-day moving average and remains above the 20-day moving average.
- Rationale: These signals suggest short-term bullish momentum and alignment with longer-term trends.
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.