Screening Filters & Rationale
Relative Volume (min: 1.1):
- Purpose: Identify stocks with trading activity significantly higher than their average.
- Rationale: Higher relative volume indicates increased interest and potential volatility, which is ideal for day trading.
Beta (HighRisk):
- Purpose: Focus on stocks with high beta values to capture significant price movements.
- Rationale: High beta stocks are more sensitive to market changes, offering greater opportunities for short-term gains.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Ensure sufficient liquidity for seamless entry and exit during trades.
- Rationale: High turnover minimizes the risk of slippage and ensures efficient trade execution.
Weekly Price Change Percentage (min: 3%):
- Purpose: Target stocks with notable price momentum over the past week.
- Rationale: Significant price changes indicate strong trends, which are advantageous for day trading strategies.
Tickers (Filtered List):
- Purpose: Narrow down to stocks meeting all criteria for actionable opportunities.
- Rationale: Pre-screened tickers save time and align with the defined trading parameters.
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.