Screening Filters
Relative Volume (relative_vol: {'min': '1.2'}):
- Purpose: To identify stocks with higher-than-average trading activity.
- Rationale: A relative volume above 1.2 indicates that the stock is experiencing increased trading interest compared to its historical average. This could signal heightened investor attention, which often aligns with price movements in the short term, making it suitable for someone looking for "fast cash."
RSI Category (rsi_category: ['moderate']):
- Purpose: To filter stocks that are neither overbought nor oversold.
- Rationale: Stocks with a moderate RSI (typically between 30 and 70) are in a neutral momentum phase, which means they are not at extreme levels. This provides a balanced opportunity for potential short-term gains without the immediate risk of a reversal due to overbought or oversold conditions.
Weekly Price Change Percentage (week_price_change_pct: {'min': '3'}):
- Purpose: To focus on stocks that have shown significant positive price movement in the past week.
- Rationale: A minimum weekly price change of 3% ensures that the selected stocks have demonstrated recent upward momentum, which aligns with the user's goal of finding investments with the potential for quick returns.
Market Capitalization (market_cap: {'min': '2000000000', 'max': '20000000000'}):
- Purpose: To target mid-cap stocks.
- Rationale: Mid-cap stocks (market cap between $2 billion and $20 billion) often strike a balance between growth potential and stability. They are generally more volatile than large-cap stocks, which can lead to faster price movements, but they are less risky than small-cap stocks, making them a reasonable choice for short-term opportunities.
Beta (beta: ['ModerateRisk', 'HighRisk']):
- Purpose: To select stocks with moderate to high volatility.
- Rationale: Beta measures a stock's volatility relative to the market. Stocks with moderate to high beta are more likely to experience significant price swings, which can create opportunities for quick gains. However, this also comes with higher risk, which aligns with the user's interest in "fast cash."
Why Results Match:
- The filters collectively focus on stocks with higher trading activity, recent price momentum, and moderate to high volatility, which are key characteristics of stocks that have the potential for short-term gains.
- By targeting mid-cap stocks, the screener avoids the extreme risks associated with small-cap stocks while still providing opportunities for significant price movements.
- The inclusion of a moderate RSI ensures that the stocks are not at extreme levels, reducing the likelihood of immediate reversals and providing a more balanced approach to short-term investing.
Important Note: While these filters aim to identify stocks with a higher probability of short-term price movements, it is important to understand that investing for "fast cash" carries significant risks. Stock prices are influenced by numerous unpredictable factors, and there are no guarantees of quick profits. Always consider your risk tolerance and investment goals before making decisions.
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.