Screening Filters & Rationale
Weekly Average Turnover (min: 1,000,000):
- Purpose: To ensure sufficient liquidity for trading.
- Rationale: High turnover indicates active trading and reduces the risk of price manipulation.
RSI 14 (min: 45, max: 70):
- Purpose: To identify stocks that are neither overbought nor oversold.
- Rationale: This range suggests balanced momentum, reducing the likelihood of extreme price reversals.
Moving Average Relationship (PriceAboveMA20):
- Purpose: To focus on stocks in an uptrend.
- Rationale: Price above the 20-day moving average indicates bullish momentum and potential for further gains.
Monthly Price Change Percentage (min: 3%):
- Purpose: To target stocks with strong recent performance.
- Rationale: A positive price change over the past month suggests growing investor interest and potential continuation of the trend.
Is Trending (True):
- Purpose: To identify stocks with strong market attention.
- Rationale: Trending stocks often exhibit higher volatility and trading opportunities.
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.