Screening Filters & Rationale
Relative Volume (min: 3.5):
- Purpose: Identify stocks with significantly higher trading activity compared to their average.
- Rationale: High relative volume often indicates strong investor interest and potential bullish momentum.
Weekly Average Turnover (min: 7,000,000):
- Purpose: Focus on stocks with substantial liquidity to ensure ease of trading.
- Rationale: High turnover reflects active participation and reduces the risk of price manipulation.
RSI 14 (min: 69, max: 70):
- Purpose: Target stocks nearing overbought levels, signaling potential short-term bullish trends.
- Rationale: RSI in this range suggests strong upward momentum without being excessively overbought.
Moving Average Relationship (PriceAboveMA20):
- Purpose: Select stocks trading above their 20-day moving average to confirm an uptrend.
- Rationale: Price above MA20 indicates sustained bullish sentiment and potential for continued growth.
Week Price Change Percentage (min: 0):
- Purpose: Ensure stocks have shown positive price movement over the past week.
- Rationale: Positive weekly performance aligns with the goal of identifying short-term bullish stocks.
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.