Stocks for short term buy

Screening Filters & Rationale

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.