Screening Filters & Rationale
Price Change Percentage (min: 0):
- Purpose: Identify stocks with positive price momentum.
- Rationale: Positive price movement indicates upward momentum, which is crucial for day trading opportunities.
Relative Volume (min: 1.5):
- Purpose: Focus on stocks with significantly higher trading activity than usual.
- Rationale: Elevated volume often signals increased interest and potential volatility, ideal for day trading.
Beta (HighRisk):
- Purpose: Target high-risk stocks with greater price fluctuations.
- Rationale: High beta stocks are more volatile, offering greater profit potential for short-term trades.
Weekly Average Turnover (min: 5,000,000):
- Purpose: Ensure liquidity by selecting stocks with high trading turnover.
- Rationale: High turnover ensures ease of entry and exit, reducing slippage during trades.
RSI 14 (min: 40, max: 60):
- Purpose: Focus on stocks in a neutral RSI range.
- Rationale: Neutral RSI indicates stocks that are neither overbought nor oversold, providing balanced trading opportunities.
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.