Screening Filters & Rationale
Relative Volume (min: 1.5):
- Purpose: Identify stocks with trading activity significantly higher than usual.
- Rationale: High relative volume indicates increased interest and potential price movement, which is ideal for day trading opportunities.
Beta (HighRisk):
- Purpose: Focus on stocks with high volatility.
- Rationale: High beta stocks tend to have larger price swings, offering more opportunities for intraday profits.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Ensure sufficient liquidity for quick entry and exit.
- Rationale: High turnover minimizes the risk of slippage and ensures trades can be executed efficiently.
Weekly Price Change Percentage (min: 0):
- Purpose: Select stocks with positive momentum over the past week.
- Rationale: Positive price movement suggests upward trends, which can be advantageous for day trading strategies.
Is Optionable (True):
- Purpose: Include stocks with options available.
- Rationale: Optionable stocks often have higher liquidity and attract active traders, making them suitable for day trading.
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.