Screening Filters & Rationale
Weekly Average Turnover (min: 1,000,000):
- Purpose: To identify stocks with sufficient liquidity for easy entry and exit.
- Rationale: High turnover indicates strong market interest and reduces the risk of price manipulation.
RSI 14 (min: 40, max: 70):
- Purpose: To find stocks that are neither overbought nor oversold, indicating potential for upward momentum.
- Rationale: RSI in this range suggests a balanced market sentiment with room for a breakout.
Candlestick Pattern (White Candlestick):
- Purpose: To highlight stocks showing bullish candlestick patterns.
- Rationale: A White Candlestick often signals positive price movement and potential for continued upward trends.
Support/Resistance Relationship (Price Break Resistance):
- Purpose: To identify stocks breaking through key resistance levels.
- Rationale: Breaking resistance is a strong technical signal of potential breakout and 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.