Screening Filters & Rationale
Relative Volume (min: 3):
- Purpose: Identify stocks with trading activity significantly higher than usual.
- Rationale: High relative volume often indicates increased investor interest, which can signal bullish momentum.
Weekly Average Turnover (min: 5,000,000):
- Purpose: Focus on stocks with substantial liquidity.
- Rationale: High turnover ensures ease of entry and exit, reducing the risk of price manipulation.
RSI 14 (min: 69, max: 70):
- Purpose: Target stocks nearing overbought levels without being excessively overbought.
- Rationale: RSI in this range suggests strong upward momentum while avoiding extreme overvaluation.
Moving Average Relationship (PriceAboveMA20):
- Purpose: Select stocks trading above their 20-day moving average.
- Rationale: This indicates a short-term bullish trend and potential for continued upward movement.
Week Price Change Percentage (min: 0):
- Purpose: Ensure stocks have shown positive price movement over the past week.
- Rationale: Positive weekly performance reflects recent bullish sentiment and potential for further gains.
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.