Screening Filters & Rationale
Price (max: $5):
- Purpose: To identify penny stocks, which are typically priced under $5.
- Rationale: Low-priced stocks have higher growth potential but also carry higher risk, aligning with speculative investment strategies.
Relative Volume (min: 1.5):
- Purpose: To focus on stocks with trading activity significantly above their average.
- Rationale: Increased volume often indicates heightened interest or news, which can drive short-term price movements.
RSI 14 (min: 30, max: 70):
- Purpose: To target stocks that are neither overbought nor oversold.
- Rationale: Stocks within this RSI range are considered to have balanced momentum, reducing the risk of extreme volatility.
Weekly Price Change Percentage (min: 0%):
- Purpose: To filter for stocks with positive price momentum over the past week.
- Rationale: Positive weekly performance suggests upward momentum, which may continue in the short term.
Is Trending (True):
- Purpose: To identify stocks currently gaining attention in the market.
- Rationale: Trending stocks often experience increased demand, which can lead to price appreciation.
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.