Screening Filters & Rationale
Relative Volume (min: 1.5):
- Purpose: Identify stocks or assets with trading activity significantly higher than usual.
- Rationale: High relative volume indicates increased interest and potential price movement, ideal for day trading opportunities.
Beta (HighRisk):
- Purpose: Focus on assets with high volatility.
- Rationale: High beta stocks or assets are more likely to experience significant intraday price swings, suitable for short-term trades.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Ensure sufficient liquidity for quick entry and exit.
- Rationale: High turnover minimizes slippage and ensures trades can be executed efficiently.
RSI 14 (min: 30, max: 70):
- Purpose: Target assets that are neither overbought nor oversold.
- Rationale: RSI within this range suggests balanced momentum, reducing the risk of extreme price reversals.
Weekly Price Change Percentage (min: 0):
- Purpose: Focus on assets with positive price momentum.
- Rationale: Positive weekly price change indicates upward movement, aligning with day trading strategies seeking short-term gains.
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.