Screening Filters & Rationale
Relative Volume (min: 1.5):
- Purpose: Identify stocks with trading activity significantly higher than usual.
- Rationale: High relative volume often indicates increased investor interest, which can drive short-term price movements.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Focus on stocks with sufficient liquidity for easy entry and exit.
- Rationale: High turnover ensures the stock is actively traded, reducing the risk of slippage in short-term trades.
RSI (14) (max: 70):
- Purpose: Avoid overbought stocks that may be due for a pullback.
- Rationale: RSI below 70 suggests the stock still has room for upward movement without being overextended.
Price Above MA20:
- Purpose: Select stocks in a short-term uptrend.
- Rationale: A price above the 20-day moving average indicates positive momentum, aligning with short-term buying strategies.
Weekly Price Change Percentage (min: 5%):
- Purpose: Target stocks with strong recent performance.
- Rationale: A significant weekly price increase signals momentum, which can continue in the short term.
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.