Screening Filters & Rationale
Relative Volume (min: 1.5):
- Purpose: Identify stocks with trading activity significantly higher than usual.
- Rationale: High relative volume often indicates strong interest or momentum, which can lead to short-term price movements.
RSI 14 (min: 30, max: 70):
- Purpose: Focus on stocks that are neither overbought nor oversold.
- Rationale: This range suggests balanced momentum, reducing the risk of extreme price reversals.
Gap Pattern (GapUp):
- Purpose: Select stocks that opened significantly higher than the previous close.
- Rationale: Gap-ups often signal positive news or strong buying pressure, which can drive further gains.
Weekly Price Change Percentage (min: 0):
- Purpose: Ensure the stock has shown positive price movement over the past week.
- Rationale: Positive weekly performance indicates upward momentum, aligning with short-term profit goals.
Is Trending (True):
- Purpose: Focus on stocks currently gaining attention in the market.
- Rationale: Trending stocks often experience increased volatility and liquidity, creating opportunities for quick profits.
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.