Screening Filters & Rationale
price_change_pct (min: 0):
- Purpose: Identify stocks with positive price momentum.
- Rationale: Positive price changes indicate upward movement, which is essential for profitable day trades.
relative_vol (min: 1.5):
- Purpose: Focus on stocks with significantly higher trading activity than usual.
- Rationale: Increased volume often signals heightened interest and volatility, creating opportunities for intraday price swings.
weekly_average_turnover (min: 1,000,000):
- Purpose: Ensure sufficient liquidity for quick entry and exit.
- Rationale: High turnover reduces the risk of slippage and ensures smoother trade execution.
rsi_14 (min: 30, max: 70):
- Purpose: Target stocks that are neither overbought nor oversold.
- Rationale: RSI within this range suggests balanced momentum, reducing the risk of extreme price reversals.
option_unusual_activity (True):
- Purpose: Highlight stocks with unusual options activity.
- Rationale: Unusual options activity can indicate insider sentiment or upcoming catalysts, which may drive intraday price movements.
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.