Surging stocks

Screening Filters & Rationale

1. Relative Volume (min: 2.5):

   • Purpose: Identify stocks with trading activity significantly higher than usual.
   • Rationale: High relative volume often indicates strong investor interest and potential price momentum.

2. Weekly Average Turnover (min: 3,000,000):

   • Purpose: Focus on stocks with substantial liquidity.
   • Rationale: High turnover ensures ease of trading and reflects strong market participation.

3. RSI (14) (min: 80):

   • Purpose: Highlight overbought stocks with strong upward momentum.
   • Rationale: An RSI above 80 suggests significant bullish sentiment and potential short-term price surges.

4. Moving Average Relationship (PriceAboveMA20):

   • Purpose: Select stocks trading above their 20-day moving average.
   • Rationale: This indicates a strong upward trend and positive price momentum.

5. Weekly Price Change Percentage (min: 20%):

   • Purpose: Identify stocks with substantial price increases over the past week.
   • Rationale: A sharp weekly gain signals strong recent performance and potential continued momentum.