Screening Filters & Rationale
Market Cap (min: $1B, max: $75B):
- Purpose: Focus on mid to large-cap stocks for stability and liquidity.
- Rationale: These companies are less volatile than small caps but still offer growth potential suitable for swing trading.
Relative Volume (min: 1.5):
- Purpose: Identify stocks with significant trading activity compared to their average.
- Rationale: Increased volume often signals heightened interest and potential price movement.
Earnings Date (to: 2023-11-01):
- Purpose: Avoid stocks with earnings announcements after November 1.
- Rationale: Reduces exposure to unpredictable price swings caused by earnings surprises.
Weekly Average Turnover (min: $1M):
- Purpose: Ensure sufficient liquidity for efficient trade execution.
- Rationale: High turnover indicates active trading, reducing the risk of slippage.
RSI 14 (min: 38, max: 62):
- Purpose: Target stocks in a neutral RSI range, avoiding overbought or oversold conditions.
- Rationale: Neutral RSI suggests potential for upward momentum without being overextended.
Moving Average Relationship (PriceCrossAboveMA20):
- Purpose: Identify stocks where the price has recently crossed above the 20-day moving average.
- Rationale: This is a bullish technical signal indicating potential upward momentum.
Week Price Change % (min: 0):
- Purpose: Focus on stocks with positive weekly price performance.
- Rationale: Positive momentum over the past week suggests continued strength.
Month Price Change % (min: 0):
- Purpose: Ensure stocks have shown positive performance over the past month.
- Rationale: Sustained upward movement over a month indicates consistent buying interest.
Quarter Price Change % (min: 0):
- Purpose: Target stocks with positive performance over the last quarter.
- Rationale: Long-term positive trends support the likelihood of continued growth.
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.