Screening Filters
Market Cap: {'min': '10000000000'}
- Purpose: To filter for companies with a market capitalization of at least $10 billion.
- Rationale: By focusing on companies with a large market cap, the screener ensures that the results include well-established and financially stable companies. These companies are more likely to have consistent performance and are less prone to extreme volatility compared to smaller-cap stocks.
Market Cap Category: ['large']
- Purpose: To further refine the search to only include large-cap stocks.
- Rationale: This filter complements the minimum market cap filter by explicitly targeting large-cap stocks, which are typically more liquid and widely followed by analysts. This ensures the results align with the user's interest in prominent, high-value companies.
New High/Low: ['20_High']
- Purpose: To identify stocks that are currently trading at their 20-day high.
- Rationale: This filter directly addresses the user's query about stocks making 3-month highs. A 20-day high is a common technical indicator used to identify stocks that are experiencing upward momentum, which aligns with the user's interest in stocks reaching new highs.
Quarter Price Change Percentage: {'min': '0'}
- Purpose: To include only stocks that have shown positive price performance over the last quarter.
- Rationale: This filter ensures that the stocks in the results are not only reaching new highs but also have demonstrated positive momentum over the past three months. This aligns with the user's focus on stocks that are performing well in the short term.
Why Results Match:
- The New High/Low filter is the most critical in directly identifying stocks that are making 3-month highs, as it captures stocks trading at their 20-day high.
- The Quarter Price Change Percentage filter ensures that the stocks have been trending positively over the last three months, reinforcing the focus on upward momentum.
- The Market Cap and Market Cap Category filters ensure that the results are limited to large, stable companies, which are more likely to sustain their performance and are of greater interest to most investors.
By combining these filters, the screener effectively narrows down the universe of stocks to those that meet the user's specific criteria of making 3-month highs while maintaining a focus on quality and performance.
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.