Screening Filters & Rationale
Market Cap >= $1 billion:
- Purpose: Focus on established companies with significant market presence.
- Rationale: Larger market cap stocks tend to have more stability and liquidity, making them suitable for short-term trading.
Relative Volume >= 1.5:
- Purpose: Identify stocks with higher-than-average trading activity.
- Rationale: Increased volume often signals heightened investor interest, which can precede short-term price movements.
RSI (14) between 30 and 70:
- Purpose: Target stocks that are neither overbought nor oversold.
- Rationale: Stocks within this RSI range are in a neutral momentum zone, reducing the risk of extreme price reversals.
Price Above 5-Day Moving Average:
- Purpose: Focus on stocks with short-term upward momentum.
- Rationale: A price above the 5-day moving average indicates a bullish trend, aligning with short-term growth expectations.
Weekly Price Change >= 0%:
- Purpose: Select stocks with positive or stable recent performance.
- Rationale: Positive weekly price changes suggest upward momentum, increasing the likelihood of short-term gains.
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.