Screening Filters & Rationale
Market Cap (max: $1,000,000,000):
- Purpose: Focus on small-cap companies to identify potential high-growth penny stocks.
- Rationale: Smaller market cap stocks often have higher growth potential but come with increased risk, aligning with speculative investment strategies.
Price (max: $5):
- Purpose: Limit the selection to low-priced stocks classified as penny stocks.
- Rationale: Stocks under $5 are typically considered penny stocks, appealing to investors seeking high-risk, high-reward opportunities.
Relative Volume (min: 2):
- Purpose: Identify stocks with significant recent trading activity compared to their average.
- Rationale: A relative volume above 2 indicates increased investor interest, which could signal potential price movement.
Weekly Average Turnover (min: $1,000,000):
- Purpose: Ensure sufficient liquidity for ease of entry and exit.
- Rationale: High turnover reduces the risk of illiquidity, making it easier to trade without significant price impact.
Moving Average Relationship (PriceCrossAboveMA20):
- Purpose: Highlight stocks showing bullish momentum by crossing above their 20-day moving average.
- Rationale: This technical indicator suggests a potential upward trend, aligning with short-term growth strategies.
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.