Screening Filters
Price: 5–100 USD
- Purpose: Focus on reasonably priced, actively traded stocks.
- Rationale:
- Below ~$5, many stocks are low-priced/penny stocks with wide spreads, low liquidity, and higher manipulation risk—often unsuitable for most day traders.
- Above ~$100, price swings can require larger capital per trade and can limit position sizing flexibility for smaller accounts.
- The $5–$100 range typically offers good liquidity, tighter spreads, and enough volatility for intraday moves, which is what a day trader needs.
Volume: ≥ 3,000,000 shares (average daily)
- Purpose: Ensure high liquidity for fast entries and exits.
- Rationale:
- Day traders need to get in and out quickly without moving the price too much.
- High volume usually means tighter bid–ask spreads, less slippage, and more reliable price action.
- A 3M+ share threshold is a solid bar for “actively traded,” helping ensure that the stock has strong interest during the session.
Relative Volume (relative_vol): ≥ 2
- Purpose: Highlight stocks trading at unusually high volume today compared to their normal activity.
- Rationale:
- A relative volume ≥ 2 means the stock is trading at least twice its average volume—often driven by news, earnings, or catalysts.
- These catalysts frequently produce strong intraday trends and volatility, which is exactly what day traders look for.
- This helps separate “today’s in-play stocks” from those that are normally active but quiet on the day.
Beta: HighRisk (high beta)
- Purpose: Target more volatile stocks that move more than the overall market.
- Rationale:
- High beta stocks tend to have larger intraday price swings, offering more profit potential per share.
- While this also increases risk, controlled with position sizing and risk management, it aligns with typical day-trading goals: capitalize on short-term volatility rather than slow, steady moves.
Price Change % (price_change_pct): ≥ 3% (on the day)
- Purpose: Focus on stocks already showing meaningful movement today.
- Rationale:
- A move of 3%+ intraday indicates the stock is “in play,” with active participation from traders.
- Strong price movement is essential for day trading; flat stocks offer little opportunity.
- This filter ensures you’re scanning for names that are already trending or experiencing significant intraday swings.
Why These Results Match a “Best for Day Trading” Search
- They prioritize liquidity (high absolute volume) so you can enter/exit quickly.
- They emphasize current-day activity (high relative volume and ≥3% price move), surfacing stocks that are “in play” right now.
- They filter for tradable volatility (high beta and meaningful price change) needed to make intraday gains worth the risk and effort.
- They keep you in a practical price zone ($5–$100) that balances accessibility, tight spreads, and sufficient movement.
There’s no single “best” stock for day trading on any given day, but these filters are designed to consistently surface high-probability day-trading candidates that fit common professional criteria.
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.