Screening Filters & Rationale
Relative Volume (min: 1.5):
- Purpose: Identify stocks with trading activity significantly higher than their average.
- Rationale: High relative volume indicates increased interest and potential price movement, ideal for day trading.
Beta (HighRisk):
- Purpose: Focus on stocks with high volatility.
- Rationale: High beta stocks tend to have larger price swings, offering more opportunities for intraday profits.
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 stocks that are neither overbought nor oversold.
- Rationale: Stocks within this RSI range are more likely to exhibit stable price action suitable for day trading.
Weekly Price Change Percentage (min: 0%):
- Purpose: Focus on stocks with positive momentum.
- Rationale: Positive weekly price changes suggest upward trends, increasing the likelihood of profitable intraday moves.
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.