What about for penny stock

Screening Filters & Rationale

1. Price (max: $5):

   • Purpose: Focus on penny stocks with a price under $5.
   • Rationale: Stocks in this range are typically more volatile and have higher potential for rapid percentage gains.

2. Relative Volume (min: 1.3):

   • Purpose: Identify stocks with trading activity significantly above their average.
   • Rationale: Increased volume often signals heightened interest or news, which can drive price movement.

3. Weekly Average Turnover (min: 1,000,000):

   • Purpose: Ensure sufficient liquidity for trading.
   • Rationale: High turnover indicates active trading, reducing the risk of illiquidity and enabling easier entry/exit.

4. RSI 14 (max: 50):

   • Purpose: Target stocks that are not overbought.
   • Rationale: A lower RSI suggests the stock may have room to rise before hitting overbought levels.

5. Week Price Change Percentage (min: 3%):

   • Purpose: Focus on stocks with recent upward momentum.
   • Rationale: Positive price movement indicates potential for continued growth in the short term.