Screening Filters & Rationale
Market Cap (min: $3 billion):
- Purpose: Focus on large and mid-cap stocks with greater stability and liquidity.
- Rationale: Larger market cap companies are generally less volatile and more reliable for sustained growth.
Relative Volume (min: 1.8):
- Purpose: Identify stocks with significantly higher trading activity than usual.
- Rationale: Increased volume often indicates strong investor interest and potential price momentum.
Weekly Average Turnover (min: $5 million):
- Purpose: Ensure selected stocks have sufficient liquidity for easy entry and exit.
- Rationale: High turnover reflects active trading and reduces the risk of illiquidity.
RSI 14 (min: 35, max: 65):
- Purpose: Target stocks that are neither overbought nor oversold.
- Rationale: RSI within this range suggests balanced momentum, avoiding extreme price conditions.
Weekly Price Change Percentage (min: 0%):
- Purpose: Highlight stocks with positive price performance over the past week.
- Rationale: Positive weekly price change indicates upward momentum and potential for continued 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.