Screening Filters & Rationale
Price (max: $5):
- Purpose: Focus on low-cost penny stocks suitable for day trading.
- Rationale: Stocks priced under $5 are more volatile and can offer quick profit opportunities for day traders.
Relative Volume (min: 1.5):
- Purpose: Identify stocks with significantly increased trading activity.
- Rationale: High relative volume indicates strong interest and potential price movement, essential for day trading.
Beta (HighRisk):
- Purpose: Target high-risk stocks with greater price fluctuations.
- Rationale: High beta stocks are more volatile, providing opportunities for rapid intraday gains.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Ensure sufficient liquidity for quick entry and exit.
- Rationale: High turnover ensures active trading, reducing the risk of slippage during trades.
Weekly Price Change Percentage (min: 0%):
- Purpose: Focus on stocks with positive or stable price momentum.
- Rationale: Positive price movement indicates upward momentum, aligning with day trading 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.