Screening Filters & Rationale
Relative Volume (min: 2.0):
- Purpose: Identify stocks with trading activity at least twice the average volume, indicating strong market interest.
- Rationale: High relative volume often signals potential price movement, aligning with short-term gain strategies.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Focus on stocks with significant liquidity to ensure ease of entry and exit.
- Rationale: High turnover reduces the risk of slippage, which is critical for short-term trades.
RSI 14 (min: 40, max: 60):
- Purpose: Target stocks in a neutral RSI range, avoiding overbought or oversold conditions.
- Rationale: Neutral RSI suggests potential for upward movement without immediate risk of reversal.
Moving Average Relationship (PriceAboveMA20):
- Purpose: Select stocks trading above their 20-day moving average, indicating a short-term uptrend.
- Rationale: Stocks above their MA20 often exhibit bullish momentum, suitable for short-term gains.
Weekly Price Change Percentage (min: 2%):
- Purpose: Filter for stocks with at least a 2% price increase over the past week, showing recent strength.
- Rationale: Positive weekly price change reflects upward momentum, aligning with short-term profit goals.
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.