Screening Filters & Rationale
Relative Volume (min: 2):
- Purpose: Identify stocks with trading activity significantly higher than average.
- Rationale: High relative volume often indicates increased investor interest and potential bullish momentum.
RSI (14) (min: 60, max: 70):
- Purpose: Focus on stocks with moderate bullish momentum without being overbought.
- Rationale: RSI in this range suggests upward movement while avoiding overextended conditions.
Moving Average Relationship (PriceAboveMA20):
- Purpose: Highlight stocks trading above their 20-day moving average.
- Rationale: This indicates a short-term bullish trend and potential for continued upward movement.
Weekly Price Change Percentage (min: 2%):
- Purpose: Select stocks with a positive price change over the past week.
- Rationale: A weekly gain of at least 2% reflects recent bullish performance and potential continuation.
Support/Resistance Relationship (PriceBreakResistance):
- Purpose: Identify stocks breaking through key resistance levels.
- Rationale: Breaking resistance often signals strong bullish sentiment 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.