Screening Filters & Rationale
Market Cap ≥ $1 billion:
- Purpose: Focus on established companies with significant market presence.
- Rationale: Larger market cap stocks tend to have more stability and liquidity, suitable for short-term trades.
Relative Volume ≥ 2:
- Purpose: Identify stocks with higher-than-average trading activity.
- Rationale: Increased volume often signals heightened interest or news, which can drive short-term price movements.
RSI (14) between 40 and 60:
- Purpose: Target stocks in a neutral momentum range.
- Rationale: This range suggests potential for upward movement without being overbought or oversold.
Price Above 20-Day Moving Average:
- Purpose: Select stocks in a short-term uptrend.
- Rationale: Stocks trading above their 20-day MA indicate positive momentum, aligning with short-term investment goals.
Weekly Price Change ≥ 2%:
- Purpose: Focus on stocks with recent positive price performance.
- Rationale: A weekly gain of 2% or more suggests strong short-term momentum, ideal for quick 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.