Screening Filters & Rationale
Relative Volume (min: 2):
- Purpose: Identify stocks or assets with trading activity at least twice their average volume.
- Rationale: High relative volume indicates increased market interest, which is crucial for day trading opportunities.
Beta (HighRisk):
- Purpose: Focus on high-beta assets that are more volatile than the market.
- Rationale: High volatility provides greater price swings, offering potential for quick intraday profits.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Ensure liquidity by selecting assets with significant weekly trading turnover.
- Rationale: High turnover minimizes slippage and ensures ease of entry and exit during trades.
RSI 14 (min: 80):
- Purpose: Target overbought assets with RSI above 80 for potential short-term reversals.
- Rationale: Overbought conditions often precede price corrections, creating opportunities for day traders.
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.