Screening Filters & Rationale
Market Cap >= $1 Billion:
- Purpose: Focus on large-cap and mid-cap stocks with established market presence.
- Rationale: Larger companies are more likely to exhibit stable price trends and are less prone to extreme volatility.
Relative Volume >= 1.5:
- Purpose: Identify stocks with significantly higher trading activity compared to their average.
- Rationale: Increased volume often indicates strong investor interest and potential price momentum.
New Highs (52-Week High or 20-Day High):
- Purpose: Pinpoint stocks that have recently reached their peak price levels.
- Rationale: Stocks hitting new highs may signal strong upward trends or bullish sentiment.
Weekly Average Turnover >= $5 Million:
- Purpose: Ensure liquidity by selecting stocks with substantial weekly trading value.
- Rationale: High turnover reduces the risk of illiquidity and facilitates smoother trade execution.
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.