Screening Filters & Rationale
Relative Volume (min: 1.1):
- Purpose: Identify stocks with trading activity significantly higher than usual.
- Rationale: Elevated relative volume often indicates increased interest and volatility, which are ideal for day trading opportunities.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Ensure sufficient liquidity for smooth entry and exit during trades.
- Rationale: High turnover reduces the risk of slippage and ensures efficient trade execution.
RSI 14 (min: 10, max: 90):
- Purpose: Avoid overbought or oversold extremes while identifying stocks with potential price movement.
- Rationale: RSI within this range indicates balanced momentum, suitable for short-term trading strategies.
Weekly Price Change Percentage (min: 0):
- Purpose: Focus on stocks with positive price momentum over the past week.
- Rationale: Positive weekly performance suggests upward trends, increasing the likelihood of profitable day trades.
Is Trending (True):
- Purpose: Highlight stocks currently experiencing strong market interest or momentum.
- Rationale: Trending stocks are more likely to exhibit significant intraday price movements, ideal for day trading.
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.