Screening Filters & Rationale
Relative Volume (min: 1.2):
- Purpose: Identify stocks with trading activity significantly higher than average.
- Rationale: Elevated volume often signals increased investor interest, which can precede a bullish reversal.
RSI (14) (min: 30, max: 60):
- Purpose: Focus on stocks that are recovering from oversold conditions but not yet overbought.
- Rationale: RSI in this range suggests potential upward momentum without being overextended.
Price Cross Above MA20:
- Purpose: Highlight stocks where the price has recently crossed above the 20-day moving average.
- Rationale: This is a common technical signal for a bullish trend reversal.
Candlestick Pattern (White Candlestick):
- Purpose: Identify stocks with a bullish candlestick pattern indicating upward price movement.
- Rationale: A white candlestick often reflects positive sentiment and potential for further gains.
Monthly Price Change % (min: 0):
- Purpose: Ensure selected stocks have shown at least some positive price movement over the past month.
- Rationale: Positive monthly performance supports the likelihood of a sustained bullish reversal.
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.