Screening Filters & Rationale
Market Cap >= $10 billion:
- Purpose: Focus on large-cap stocks for stability and lower risk.
- Rationale: Large-cap companies are typically more established and less volatile, aligning with a conservative investment approach.
Weekly Average Turnover >= $1 million:
- Purpose: Ensure sufficient liquidity for easy entry and exit.
- Rationale: High turnover indicates active trading, reducing the risk of price manipulation and ensuring smoother transactions.
RSI (14) between 30 and 70:
- Purpose: Avoid overbought or oversold conditions.
- Rationale: Stocks within this range are neither excessively overvalued nor undervalued, suggesting balanced momentum.
Price Above 20-Day Moving Average:
- Purpose: Identify stocks in a short-term uptrend.
- Rationale: This filter highlights stocks with positive momentum, which may continue in the near term.
Weekly Price Change >= 0%:
- Purpose: Focus on stocks with positive or stable recent performance.
- Rationale: Ensures the stock is not in a downtrend, aligning with a growth-focused strategy.
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.