Screening Filters & Rationale
price_change_pct (min: 3):
- Purpose: Identify assets with significant price momentum.
- Rationale: A minimum 3% price change indicates strong intraday movement, suitable for day trading opportunities.
relative_vol (min: 2):
- Purpose: Focus on assets with higher-than-average trading activity.
- Rationale: A relative volume above 2 suggests increased market interest, which can lead to better liquidity and volatility.
weekly_average_turnover (min: 1,000,000):
- Purpose: Ensure sufficient trading volume for easy entry and exit.
- Rationale: High turnover minimizes slippage and ensures trades can be executed efficiently.
rsi_14 (min: 40, max: 60):
- Purpose: Target assets in a neutral RSI range.
- Rationale: RSI between 40 and 60 indicates consolidation, which may precede breakout opportunities ideal for day trading.
week_price_change_pct (min: 0):
- Purpose: Focus on assets with positive weekly performance.
- Rationale: Positive weekly price change reflects upward momentum, aligning with short-term trading strategies.
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.