Screening Filters & Rationale
Relative Volume (min: 1.5):
- Purpose: Identify stocks with trading activity significantly higher than usual.
- Rationale: High relative volume indicates increased interest, which can lead to short-term price movements.
Beta (HighRisk):
- Purpose: Focus on high-beta stocks that are more volatile than the market.
- Rationale: High volatility stocks have the potential for larger short-term gains, aligning with a quick profit strategy.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Ensure liquidity by selecting stocks with high weekly trading turnover.
- Rationale: High turnover allows for easier entry and exit, critical for short-term trades.
RSI 14 (max: 30):
- Purpose: Target oversold stocks based on the Relative Strength Index.
- Rationale: Oversold stocks may be poised for a rebound, offering quick profit opportunities.
Weekly Price Change Percentage (min: 0):
- Purpose: Focus on stocks with positive price momentum over the past week.
- Rationale: Positive momentum suggests upward movement, aligning with the goal of making quick money.
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.