Screening Filters & Rationale
Relative Volume (min: 1.5):
- Purpose: Identify stocks with trading activity significantly higher than average.
- Rationale: Elevated relative volume often indicates increased investor interest, which can signal potential price movement.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Ensure selected stocks have sufficient liquidity for easy entry and exit.
- Rationale: High turnover reduces the risk of slippage and ensures smoother trade execution.
P/E TTM (max: 25):
- Purpose: Focus on stocks with reasonable valuations relative to earnings.
- Rationale: A lower P/E ratio suggests the stock may be undervalued, aligning with value-oriented strategies.
Option Sentiments (Bullish):
- Purpose: Highlight stocks with positive sentiment in the options market.
- Rationale: Bullish option sentiment can indicate confidence from sophisticated investors about future price increases.
Support-Resistance Relationship (Price Around Support):
- Purpose: Identify stocks consolidating near key support levels.
- Rationale: Stocks near support levels often present favorable risk-reward setups for potential upward movement.
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.