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 suitable for day trading.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Ensure liquidity by focusing on assets with high dollar trading volume.
- Rationale: High turnover allows for easier entry and exit, critical for day traders aiming to capitalize on intraday price changes.
RSI 14 (min: 30, max: 70):
- Purpose: Target assets that are neither overbought nor oversold.
- Rationale: RSI within this range suggests balanced momentum, reducing the risk of extreme price reversals during the trading day.
Weekly Price Change Percentage (min: 0):
- Purpose: Focus on assets with positive price momentum over the past week.
- Rationale: Positive weekly performance indicates upward trends, aligning with day trading strategies that rely on momentum.
Is Trending (True):
- Purpose: Highlight assets currently experiencing strong directional movement.
- Rationale: Trending assets are more likely to exhibit predictable intraday price patterns, ideal for day trading opportunities.
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.