Screening Filters & Rationale
Relative Volume (min: 1.4):
- Purpose: Identify stocks with trading activity significantly higher than usual.
- Rationale: High relative volume often indicates increased investor interest and potential price movement.
Weekly Average Turnover (min: 2,000,000):
- Purpose: Focus on stocks with sufficient liquidity for easy entry and exit.
- Rationale: High turnover ensures the stock is actively traded, reducing the risk of price manipulation.
RSI 14 (min: 40, max: 60):
- Purpose: Target stocks that are neither overbought nor oversold.
- Rationale: RSI in this range suggests a balanced momentum, reducing the risk of extreme price reversals.
Weekly Price Change Percentage (min: 0):
- Purpose: Select stocks with positive price momentum over the past week.
- Rationale: Positive weekly performance indicates upward momentum, aligning with growth-focused strategies.
Monthly Price Change Percentage (min: 0):
- Purpose: Ensure stocks have shown consistent positive performance over the past month.
- Rationale: Sustained monthly gains suggest a stable upward trend, supporting long-term growth potential.
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.