Screening Filters & Rationale
Market Cap under $10 billion:
- Purpose: Focus on small to mid-cap stocks for higher growth potential.
- Rationale: Smaller companies often exhibit higher volatility and growth opportunities, aligning with a high-risk, high-reward strategy.
Price under $5:
- Purpose: Target low-priced stocks for affordability and potential upside.
- Rationale: Stocks under $5 are often undervalued or in early growth stages, appealing to investors seeking high returns.
Relative Volume above 1.5:
- Purpose: Identify stocks with increased trading activity.
- Rationale: High relative volume indicates strong investor interest, which can signal momentum or upcoming price movements.
High Beta:
- Purpose: Select stocks with higher sensitivity to market movements.
- Rationale: High beta stocks are more volatile, offering greater potential for returns in bullish markets.
RSI 14 above 70:
- Purpose: Focus on stocks in overbought territory to capture momentum.
- Rationale: RSI above 70 suggests strong upward momentum, which can indicate continued price increases.
Price above MA20:
- Purpose: Ensure stocks are in a short-term uptrend.
- Rationale: Price above the 20-day moving average confirms bullish momentum, aligning with a momentum-based strategy.
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.