Screening Filters & Rationale
Market Cap ≥ $10 billion:
- Purpose: Focus on large-cap stocks with established market presence.
- Rationale: Large-cap companies tend to be more stable and less volatile, aligning with long-term investment strategies.
Weekly Average Turnover ≥ $1 million:
- Purpose: Ensure sufficient liquidity for easy buying and selling.
- Rationale: High turnover indicates active trading, reducing the risk of illiquidity.
RSI (14) ≤ 70:
- Purpose: Avoid overbought stocks that may be due for a price correction.
- Rationale: RSI below 70 suggests the stock is not excessively overvalued, providing a better entry point.
Weekly Price Change ≥ 0%:
- Purpose: Focus on stocks with positive momentum.
- Rationale: Positive price movement indicates potential upward trends, aligning with growth-focused strategies.
Index Component: S&P 500 (GSPC):
- Purpose: Limit selection to well-established companies within the S&P 500.
- Rationale: S&P 500 components are typically industry leaders, offering stability and reliability.
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.