Screening Filters
Relative Volume (relative_vol: {'min': '1.5'}):
- Purpose: To identify stocks with significantly higher trading activity compared to their average volume.
- Rationale: A relative volume above 1.5 indicates that the stock is experiencing heightened interest and liquidity, which is often associated with short-term trading opportunities. This aligns with the user's request for a good short-term buy, as increased volume can signal momentum or news-driven activity.
RSI Category (rsi_category: ['moderate']):
- Purpose: To filter stocks that are neither overbought nor oversold, based on the Relative Strength Index (RSI).
- Rationale: Stocks in the "moderate" RSI category are in a neutral zone, which suggests they are not currently at extreme levels of buying or selling pressure. This provides a balanced entry point for short-term trades, avoiding stocks that may be overextended in either direction.
Weekly Price Change Percentage (week_price_change_pct: {'min': '5'}):
- Purpose: To find stocks that have shown a significant positive price movement over the past week.
- Rationale: A minimum weekly price change of 5% ensures that the stock has demonstrated recent upward momentum, which is a key factor for short-term traders looking to capitalize on trends.
Market Capitalization (market_cap: {'min': '1000000000'}):
- Purpose: To focus on larger, more stable companies with a market cap of at least $1 billion.
- Rationale: Larger-cap stocks tend to have better liquidity and lower volatility compared to smaller-cap stocks, making them more suitable for short-term trades with manageable risk.
Moving Average Relationship (moving_average_relationship: ['PriceAboveMA20']):
- Purpose: To identify stocks where the current price is above the 20-day moving average.
- Rationale: A price above the 20-day moving average indicates a bullish trend in the short term, which aligns with the user's goal of finding stocks with upward momentum for a potential short-term buy.
Why Results Match:
- The filters collectively focus on identifying stocks with strong short-term momentum, liquidity, and stability, which are critical factors for short-term trading.
- The relative volume and weekly price change filters ensure that the stocks are experiencing heightened activity and recent upward movement, which are key indicators of potential short-term opportunities.
- The RSI and moving average filters help refine the selection to stocks that are in a favorable technical position, avoiding overbought or bearish trends.
- The market cap filter ensures that the results include stocks with sufficient liquidity and stability, reducing the risk of extreme volatility that can be detrimental to short-term trades.
By combining these filters, the screener effectively narrows down the universe of stocks to those with a higher probability of being good short-term buys, addressing the user's query comprehensively.
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.