Screening Filters & Rationale
Price > $5:
- Purpose: Focus on stocks with a minimum price of $5 to avoid highly speculative or penny stocks.
- Rationale: Stocks priced above $5 are generally more stable and less prone to extreme volatility.
Volume > 1M:
- Purpose: Ensure liquidity by selecting stocks with a trading volume exceeding 1 million.
- Rationale: High trading volume indicates strong market interest and allows for easier entry and exit.
RSI < 30 (Oversold):
- Purpose: Identify potential buying opportunities in oversold conditions.
- Rationale: An RSI below 30 suggests the stock may be undervalued and due for a rebound.
RSI > 70 (Overbought):
- Purpose: Highlight stocks in overbought conditions for potential profit-taking or shorting opportunities.
- Rationale: An RSI above 70 indicates the stock may be overvalued and due for a correction.
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.