Screening Filters & Rationale
Price (max $5):
- Purpose: Focus on penny stocks to identify low-cost, high-potential opportunities.
- Rationale: Stocks under $5 are often volatile and can yield significant short-term gains.
Positive Overnight Price Change (min 0%):
- Purpose: Highlight stocks with upward momentum at the morning bell.
- Rationale: Positive overnight movement indicates potential continued interest and buying pressure.
Relative Volume (min 1.4):
- Purpose: Identify stocks with trading activity significantly above their average.
- Rationale: High relative volume suggests increased market attention and potential for price movement.
Weekly Average Turnover (min $1,000,000):
- Purpose: Ensure liquidity for ease of entry and exit in trades.
- Rationale: High turnover reflects active trading and reduces the risk of illiquidity.
RSI (min 50):
- Purpose: Focus on stocks with positive momentum without being overbought.
- Rationale: RSI above 50 indicates strength and potential for further upward movement.
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.