Screening Filters
Price: {'min': '1', 'max': '20'}
- Purpose: To identify stocks priced between $1 and $20.
- Rationale: The user specifically requested stocks within the price range of $1 to $20. This filter ensures that only stocks within this range are included in the results, aligning with the user's budget and preferences.
Moving Average Relationship: ['PriceAboveMA5']
- Purpose: To find stocks where the current price is above the 5-day moving average.
- Rationale: Stocks trading above their short-term moving average often indicate upward momentum or a potential bullish trend. This aligns with the user's interest in stocks that can be bought now and may perform well in the short term.
Weekly Average Turnover: {'min': '1000000'}
- Purpose: To filter for stocks with a minimum weekly average turnover of $1,000,000.
- Rationale: A higher turnover indicates strong liquidity, which is important for ensuring that the user can easily buy or sell the stock without significant price impact. This also helps focus on stocks with active market participation, reducing the risk of illiquid investments.
Technical Indicators: 'RSI_14 above 50'
- Purpose: To identify stocks with a Relative Strength Index (RSI) above 50.
- Rationale: An RSI above 50 suggests that the stock is in a bullish phase or has upward momentum. This aligns with the user's goal of finding stocks that are currently performing well and may continue to rise in the short term.
Why Results Match:
- The filters collectively address the user's request for stocks priced between $1 and $20 that are suitable for buying now.
- The price filter ensures that only stocks within the specified range are included.
- The moving average relationship and RSI filter focus on stocks with positive momentum, increasing the likelihood of identifying stocks that are currently trending upward.
- The weekly average turnover filter ensures that the results include only liquid stocks, making them practical for immediate purchase.
By combining these filters, the screener effectively narrows down the stock universe to options that meet the user's criteria and have a higher probability of aligning with their investment goals.
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.