Screening Filters & Rationale
Price ($1-$2):
- Purpose: Identify stocks within the specified price range for affordability and volatility.
- Rationale: Stocks in this range often exhibit higher price fluctuations, suitable for day trading opportunities.
Price Change Percentage (≥ 2%):
- Purpose: Focus on stocks with significant intraday price movements.
- Rationale: A minimum 2% price change ensures sufficient volatility for potential day trading profits.
Relative Volume (≥ 1.5):
- Purpose: Highlight stocks with trading activity significantly above their average.
- Rationale: Increased relative volume indicates heightened interest, which can lead to more predictable price movements.
Weekly Average Turnover (≥ 1,000,000):
- Purpose: Ensure liquidity by selecting stocks with high trading turnover.
- Rationale: High turnover minimizes the risk of slippage and ensures ease of entry and exit during trades.
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.