Screening Filters & Rationale
Relative Volume (min: 1.7):
- Purpose: Identify stocks with trading activity significantly higher than usual.
- Rationale: Elevated relative volume often signals increased market interest, which can drive short-term price movements.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Ensure sufficient liquidity for short-term trades.
- Rationale: High turnover reduces the risk of slippage and ensures ease of entry and exit.
RSI (14) (min: 38, max: 62):
- Purpose: Target stocks in a neutral RSI range, avoiding overbought or oversold conditions.
- Rationale: This range suggests potential for upward momentum without being overextended.
Price Above MA20:
- Purpose: Focus on stocks with bullish short-term trends.
- Rationale: Prices above the 20-day moving average indicate upward momentum, aligning with short-term gains.
Weekly Price Change % (min: 3):
- Purpose: Select stocks with notable recent price appreciation.
- Rationale: A minimum 3% weekly gain highlights stocks with strong short-term performance.
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.