Screening Filters & Rationale
Relative Volume (min: 1.5):
- Purpose: Identify stocks with trading activity significantly higher than their average.
- 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 are more likely to experience significant intraday price swings, providing opportunities for quick trades.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Ensure sufficient liquidity for entering and exiting trades efficiently.
- Rationale: High turnover minimizes the risk of slippage and ensures smoother trade execution.
RSI 14 (min: 30, max: 70):
- Purpose: Target stocks that are neither overbought nor oversold.
- Rationale: Stocks within this RSI range are more likely to exhibit balanced price action, reducing the risk of extreme reversals.
Weekly Price Change Percentage (min: 0):
- Purpose: Focus on stocks with positive momentum.
- Rationale: Positive price change indicates upward movement, aligning with the goal of capturing gains during intraday trades.
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.