Screening Filters & Rationale
Relative Volume > 1.5:
- Purpose: Identify stocks with higher trading activity compared to their average volume.
- Rationale: Elevated relative volume often indicates increased investor interest, which can confirm trends or reversals.
Weekly Average Turnover > 1,000,000:
- Purpose: Focus on liquid stocks with significant trading value.
- Rationale: Ensures ease of entry and exit while reducing the risk of price manipulation.
RSI (14) > 50:
- Purpose: Select stocks with moderate bullish momentum despite being in a downtrend.
- Rationale: RSI above 50 suggests underlying strength, aligning with the user's preference for stocks not in oversold conditions.
Price Below 5, 20, and 200 EMA:
- Purpose: Confirm the stock is in a sustained downtrend.
- Rationale: Price below these key moving averages indicates bearish sentiment across short, medium, and long-term trends.
1-Month Price Change < -5%:
- Purpose: Identify stocks with recent negative performance.
- Rationale: A decline over the past month aligns with the user's focus on downtrending stocks.
3-Month Price Change < -10%:
- Purpose: Highlight stocks with extended downward momentum.
- Rationale: Ensures the stock has been consistently underperforming over a longer timeframe.
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.