Screening Filters
Moving Average Relationship: ['PriceAboveMA5', 'PriceCrossAboveMA5']
- Purpose: To identify stocks that are showing bullish momentum in the short term.
- Rationale: The "PriceAboveMA5" filter ensures that the stock's current price is above its 5-day moving average, which is a common indicator of short-term bullishness. The "PriceCrossAboveMA5" filter captures stocks where the price has recently crossed above the 5-day moving average, signaling a potential upward trend or breakout. Together, these filters help pinpoint stocks that are gaining upward momentum in the short term.
Relative Volume: {'min': '2'}
- Purpose: To find stocks with significantly higher trading activity compared to their average volume.
- Rationale: A relative volume of at least 2 means the stock is trading at twice its average volume, which often indicates increased investor interest or news-driven activity. This heightened activity can be a precursor to short-term price movements, making it a valuable filter for identifying stocks with strong bullish potential.
Weekly Average Turnover: {'min': '5000000'}
- Purpose: To ensure that the selected stocks have sufficient liquidity and are actively traded.
- Rationale: A minimum weekly average turnover of $5,000,000 ensures that the stocks are liquid and have enough trading volume to support significant price movements. This filter helps avoid illiquid stocks, which may not exhibit reliable price trends or could be subject to high volatility.
Why Results Match:
- The combination of the moving average relationship filters directly targets stocks that are showing short-term bullish signals, aligning with the user's request for "bullish short-term" stocks.
- The relative volume filter ensures that the stocks identified are experiencing heightened trading activity, which often accompanies short-term bullish momentum.
- The weekly average turnover filter ensures that the stocks are liquid and actively traded, making them more reliable for short-term trading strategies.
Together, these filters create a focused screening process to identify stocks with a higher probability of exhibiting short-term bullish behavior.
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.