Best 3 stocks under $20 to buy tomorrow

Screening Filters & Rationale

1. Market Cap >= $500M:

   • Purpose: Focus on mid-sized or larger companies to reduce risk associated with smaller, less stable firms.
   • Rationale: Companies with a market cap above $500M are generally more established and less volatile.

2. Price <= $20:

   • Purpose: Identify affordable stocks that fit within the user's budget constraints.
   • Rationale: Stocks under $20 are accessible for investors seeking lower-cost entry points.

3. Moderate Beta:

   • Purpose: Target stocks with moderate risk levels to balance potential returns and volatility.
   • Rationale: Moderate beta ensures the stock moves in line with the market, avoiding excessive risk.

4. Weekly Average Turnover >= 1M:

   • Purpose: Ensure sufficient liquidity for ease of buying and selling.
   • Rationale: High turnover indicates active trading, reducing the risk of illiquidity.

5. RSI (14) between 30 and 70:

   • Purpose: Avoid overbought or oversold stocks to focus on those with stable momentum.
   • Rationale: RSI in this range suggests the stock is neither overvalued nor undervalued, aligning with steady performance.