Screening Filters & Rationale
Price (max: $0.25):
- Purpose: Identify stocks priced under $0.25.
- Rationale: Focuses on low-cost stocks with potential for significant percentage gains.
Relative Volume (min: 1.5):
- Purpose: Ensure the stock is experiencing higher-than-average trading activity.
- Rationale: Increased volume often indicates heightened interest and potential price movement.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Filter for stocks with sufficient liquidity.
- Rationale: Ensures ease of entry and exit while reducing the risk of price manipulation.
RSI 14 (min: 30, max: 70):
- Purpose: Target stocks that are neither overbought nor oversold.
- Rationale: Indicates a balanced momentum, reducing the risk of extreme price reversals.
Weekly Price Change Percentage (min: 0%):
- Purpose: Focus on stocks with positive price momentum.
- Rationale: Ensures the stock is already showing upward movement, aligning with the goal of identifying potential gainers.
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.