Screening Filters & Rationale
Relative Volume (min: 1.5):
- Purpose: Identify stocks with trading activity significantly higher than average.
- Rationale: Elevated volume often signals increased investor interest, which can confirm price movements within a channel.
Moving Average Relationship (PriceCrossAboveMA20, PriceCrossDownMA20):
- Purpose: Detect stocks oscillating around their 20-day moving average.
- Rationale: This helps identify stocks trading within a defined price channel, as they frequently interact with the moving average.
Monthly Price Change Percentage (min: -5, max: 5):
- Purpose: Focus on stocks with minimal price fluctuations over the past month.
- Rationale: Limited price movement aligns with the concept of trading within a stable price channel or tunnel.
Support/Resistance Relationship (PriceAroundResistance, PriceAroundSupport):
- Purpose: Highlight stocks near key support or resistance levels.
- Rationale: Stocks trading near these levels are more likely to remain within a defined price range.
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.