Screening Filters & Rationale
Relative Volume (min: 2.0):
- Purpose: Identify stocks with trading activity at least twice the average volume, indicating strong interest or momentum.
- Rationale: High relative volume often signals potential price movement, suitable for day trading opportunities.
Beta (HighRisk):
- Purpose: Focus on high-beta stocks that are more volatile than the market, offering greater price swings.
- Rationale: Volatile stocks provide more opportunities for intraday profit but come with higher risk.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Ensure sufficient liquidity by selecting stocks with high weekly turnover.
- Rationale: High turnover reduces the risk of slippage and ensures ease of entry and exit during trades.
RSI 14 (min: 40, max: 60):
- Purpose: Target stocks in a neutral RSI range, avoiding overbought or oversold conditions.
- Rationale: Neutral RSI indicates potential for price movement in either direction, ideal for day trading setups.
Weekly Price Change Percentage (min: 2%):
- Purpose: Select stocks with at least a 2% price increase over the past week, indicating upward momentum.
- Rationale: Positive weekly price change suggests recent strength, aligning with short-term 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.