Screening Filters
Price: min = 1, max = 20
- Purpose: Find U.S. stocks trading under $20 while avoiding ultra‑illiquid penny stocks.
- Rationale:
- Your request is “stocks under $20,” so the $20 maximum directly reflects that.
- A $1 minimum helps filter out sub‑$1 penny stocks, which often have poor liquidity, higher manipulation risk, and wide bid‑ask spreads—making them harder and riskier to “trade every day.”
Relative Volume: min = 1.5
- Purpose: Focus on stocks currently trading with elevated activity compared to their normal volume.
- Rationale:
- Wanting stocks “to trade every day” implies you care about tradability and activity—you don’t want dead, inactive names.
- Relative volume ≥ 1.5 means the stock is trading at least 50% more volume than its own typical level, which often correlates with:
- Tighter spreads
- Better order execution
- More intraday opportunities for short‑term trading
Weekly Average Dollar Volume: min = 1,000,000
- Purpose: Ensure sufficient liquidity in dollar terms, not just share count.
- Rationale:
- Dollar volume = price × volume. Requiring ≥ $1M per week helps ensure:
- Enough money is actually flowing through the stock
- You’re less likely to be stuck in illiquid positions
- More feasible to trade these every day without moving the market too much
- This directly supports your goal of stocks that can realistically be traded frequently.
Exchange List: ['XNYS', 'XNAS', 'XASE'] (NYSE, NASDAQ, AMEX)
- Purpose: Limit results to major U.S. exchanges.
- Rationale:
- You specified “US stock market,” which in practice means major U.S. exchanges.
- NYSE, NASDAQ, and AMEX:
- Have better regulation and disclosure
- Generally higher liquidity and more reliable data
- Are more suitable for active trading than OTC or pink‑sheet names
Why Results Match Your Request
- Price under $20: The price filter (≤ $20) directly reflects your max‑price requirement.
- Tradable “every day”: While no filter can guarantee daily tradeability, combining:
- Relative volume ≥ 1.5 (unusually active now) and
- Weekly average dollar volume ≥ $1M (baseline liquidity)
significantly increases the likelihood that these stocks are liquid and active enough for frequent trading.
- US stock market: Limiting to XNYS, XNAS, XASE ensures all results are from major U.S. exchanges, in line with your request.
We don’t support a literal “trade every single day” guarantee, but these filters are a practical and effective way to target sub‑$20 U.S. stocks with strong, tradable liquidity and current activity, which is what active traders usually look for.
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.