Screening Filters & Rationale
Price (max: $0.70):
- Purpose: Identify stocks priced under $0.70 to meet the user's budget constraint.
- Rationale: Low-priced stocks can offer high short-term growth potential, aligning with the user's goal.
Relative Volume (min: 1.5):
- Purpose: Focus on stocks with trading activity significantly above average.
- Rationale: High relative volume indicates increased market interest, which can drive short-term price movements.
RSI 14 (min: 30, max: 70):
- Purpose: Target stocks with neutral RSI levels to avoid overbought or oversold conditions.
- Rationale: Stocks within this RSI range are more likely to experience stable or upward momentum.
Moving Average Relationship (PriceAboveMA5):
- Purpose: Select stocks trading above their 5-day moving average.
- Rationale: This indicates short-term bullish momentum, aligning with a strong buy signal.
Weekly Price Change Percentage (min: 0%):
- Purpose: Ensure stocks have shown positive price movement over the past week.
- Rationale: Positive weekly performance suggests upward momentum, supporting short-term growth potential.
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.