Screening Filters & Rationale
Relative Volume (min: 3):
- Purpose: Identify stocks with significantly higher trading activity compared to their average.
- Rationale: High relative volume indicates increased interest, which is essential for scalping opportunities.
Beta (HighRisk):
- Purpose: Focus on high-volatility stocks for rapid price movements.
- Rationale: High beta stocks are more likely to experience quick price changes, ideal for scalping.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Ensure sufficient liquidity for quick entry and exit.
- Rationale: High turnover minimizes slippage and ensures trades can be executed efficiently.
RSI 14 (min: 49, max: 51):
- Purpose: Target stocks in a neutral momentum zone.
- Rationale: RSI near 50 suggests potential for breakout movements, suitable for scalping.
Weekly Price Change Percentage (min: 6%):
- Purpose: Select stocks with significant recent price movement.
- Rationale: High price change indicates volatility, increasing the likelihood of profitable scalping trades.
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.