Screening Filters & Rationale
Market Cap (min: $500,000,000):
- Purpose: Focus on mid to large-cap stocks for liquidity and stability.
- Rationale: Larger market cap stocks typically have higher trading volumes, making them suitable for day trading.
Relative Volume (min: 1.1):
- Purpose: Identify stocks with increased trading activity compared to their average.
- Rationale: Higher relative volume indicates heightened interest, which can lead to more price movement opportunities for day traders.
Weekly Average Turnover (min: $1,000,000):
- Purpose: Ensure sufficient dollar volume for ease of entry and exit.
- Rationale: High turnover ensures liquidity, reducing the risk of slippage during trades.
Weekly Price Change Percentage (min: 2%):
- Purpose: Target stocks with significant price movement.
- Rationale: Stocks with notable price changes are more likely to present profitable intraday trading opportunities.
Is Trending (True):
- Purpose: Focus on stocks currently gaining attention in the market.
- Rationale: Trending stocks often experience increased volatility and volume, ideal for day trading strategies.
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.