Screening Filters & Rationale
Relative Volume (min: 1.5):
- Purpose: Identify stocks with trading activity significantly higher than usual.
- Rationale: Elevated relative volume often signals increased interest or momentum, which is crucial for short-term price movements in swing trading.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Ensure sufficient liquidity for quick entry and exit.
- Rationale: High turnover reduces the risk of slippage and ensures smoother trade execution within the 2-day timeframe.
RSI 14 (min: 20, max: 80):
- Purpose: Avoid overbought or oversold conditions.
- Rationale: Stocks within this RSI range are less likely to experience extreme reversals, aligning with a short-term swing trade strategy.
Weekly Price Change Percentage (min: 0):
- Purpose: Focus on stocks with positive momentum.
- Rationale: Positive weekly price change indicates upward movement, increasing the likelihood of continued gains over the next two days.
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.