Screening Filters & Rationale
Price Change Percentage (min: 0):
- Purpose: Identify stocks, ETFs, or cryptos with positive price momentum.
- Rationale: Positive price movement indicates potential upward trends, suitable for day trading opportunities.
Relative Volume (min: 2):
- Purpose: Focus on assets with trading volume at least twice the average.
- Rationale: High relative volume suggests increased market interest, which can lead to significant price movements.
Beta (HighRisk):
- Purpose: Target high-beta assets for greater price volatility.
- Rationale: High volatility increases the potential for intraday price swings, aligning with day trading strategies.
Weekly Average Turnover (min: 5,000,000):
- Purpose: Ensure sufficient liquidity for quick entry and exit.
- Rationale: High turnover minimizes slippage and ensures smoother trade execution.
RSI 14 (min: 40, max: 60):
- Purpose: Select assets in a neutral RSI range to avoid overbought or oversold conditions.
- Rationale: Neutral RSI levels indicate potential for price movement in either direction, ideal for day trading setups.
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.