Screening Filters & Rationale
Market Cap >= $1 billion:
- Purpose: Focus on larger, more stable companies.
- Rationale: Larger market cap stocks are generally less volatile and more reliable for oversold opportunities.
Weekly Average Turnover >= $1 million:
- Purpose: Ensure sufficient liquidity for trading.
- Rationale: High turnover indicates active trading, reducing the risk of illiquid positions.
RSI (14) <= 25:
- Purpose: Identify oversold stocks based on relative strength index.
- Rationale: RSI below 25 suggests the stock is potentially undervalued and due for a rebound.
Weekly Price Change <= 0%:
- Purpose: Focus on stocks with recent negative performance.
- Rationale: Negative weekly performance may indicate overselling, aligning with the oversold criteria.
Monthly Price Change <= 0%:
- Purpose: Confirm sustained downward pressure over a longer period.
- Rationale: A negative monthly trend supports the oversold thesis, highlighting potential recovery opportunities.
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.