Screening Filters & Rationale
Relative Volume (min: 1.5):
- Purpose: Identify stocks with trading activity significantly higher than their average.
- Rationale: Elevated volume often signals increased investor interest, which can confirm the validity of a bullish pattern.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Focus on liquid stocks with substantial trading value.
- Rationale: High turnover ensures ease of entry and exit, reducing liquidity risk for investors.
Moving Average Relationship (PriceAboveMA5, PriceAboveMA20):
- Purpose: Ensure the stock is in a short- and medium-term uptrend.
- Rationale: Prices above key moving averages indicate bullish momentum, aligning with the ascending triangle pattern.
Candlestick Pattern (Ascending Triangle):
- Purpose: Identify stocks forming a bullish ascending triangle pattern.
- Rationale: This pattern suggests a potential breakout to the upside, aligning with bullish 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.