Screening Filters & Rationale
Relative Volume (min: 1.8):
- Purpose: Identify stocks with significantly higher trading activity compared to their average.
- Rationale: Elevated relative volume often indicates strong investor interest and potential price movement.
Weekly Average Turnover (min: 3,000,000):
- Purpose: Focus on stocks with high liquidity to ensure ease of entry and exit.
- Rationale: High turnover reflects active trading, reducing the risk of price manipulation and slippage.
RSI 14 (min: 40, max: 65):
- Purpose: Target stocks that are neither overbought nor oversold, indicating balanced momentum.
- Rationale: This range suggests potential for upward movement without being overextended.
Moving Average Relationship (PriceAboveMA20):
- Purpose: Select stocks trading above their 20-day moving average to capture upward trends.
- Rationale: Price above MA20 indicates bullish momentum and potential for continued growth.
Monthly Price Change Percentage (min: 80%):
- Purpose: Highlight stocks with significant recent price appreciation.
- Rationale: A strong monthly price increase suggests momentum and potential for further gains.
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.