Screening Filters & Rationale
Price < $0.40:
- Purpose: To identify low-priced stocks suitable for high-risk, high-reward strategies.
- Rationale: Stocks under $0.40 are often volatile and can exhibit significant short-term price movements.
RSI (14) > 45:
- Purpose: To focus on stocks with improving momentum but not yet overbought.
- Rationale: RSI above 45 suggests bullish momentum while avoiding overextended conditions.
Price Above MA5:
- Purpose: To ensure the stock is in a short-term uptrend.
- Rationale: Price above the 5-day moving average indicates recent bullish activity.
1-Week Price Change > -2%:
- Purpose: To filter out stocks with significant recent declines.
- Rationale: A minimal decline or positive change over the past week suggests stability or upward momentum.
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.