Best day trade today

Screening Filters

1. Share Price: price min 10, max 80

   • Purpose: Focus on reasonably priced, actively traded stocks suitable for day trading.
   • Rationale:
     • Below ~$10 you often get lower-quality, more illiquid “penny” stocks with erratic spreads and higher manipulation risk.
     • Above ~$80, the dollar move per share can be large, making position sizing harder for smaller accounts and sometimes reducing intraday volatility as a % of price.
     • The $10–$80 band tends to capture many mid‑priced, liquid names that can move enough intraday without being prohibitively expensive per share.

2. Liquidity: monthly_average_dollar_volume min 3,000,000

   • Purpose: Ensure there is enough trading activity to enter and exit positions quickly, a core requirement for day trading.
   • Rationale:
     • Dollar volume (price × volume) is a better liquidity measure than share volume alone.
     • A minimum of $3M per day (on average) helps avoid thinly traded stocks with wide bid‑ask spreads and slippage, which can erode day trading profits and increase risk.

3. Unusual Activity: relative_vol min 3

   • Purpose: Find stocks trading at least 3× their normal volume, indicating strong current interest and potential for big intraday moves.
   • Rationale:
     • Day traders look for “in play” names, where news, earnings, or catalysts drive outsized activity.
     • Relative volume ≥ 3 means today’s activity is far from typical, boosting the odds of strong trends or volatility to exploit for intraday trades.

4. Momentum/Condition: rsi_category in [moderate, overbought]

   • Purpose: Identify stocks that are already experiencing upward momentum (moderate to strong) rather than flat, directionless names.
   • Rationale:
     • “Moderate” RSI: Indicates a healthy trend without being extremely stretched—good for continuation setups.
     • “Overbought” RSI: Can signal strong momentum (for trend-following breakouts) or potential reversal zones (for contrarian scalps/mean reversion).
     • Filtering out “oversold” or neutral RSI reduces the number of sleepy or downtrending stocks that may be less attractive for long-biased intraday trades.

5. Intraday Move: price_change_pct min 5, max 20

   • Purpose: Capture stocks already moving significantly on the day, but not at extreme, blow-off levels.
   • Rationale:
     • A minimum +5% move flags names with real momentum and volatility—key ingredients for day trading opportunities.
     • Capping at +20% avoids the most parabolic, late-stage moves where risk of sharp reversals and chase risk are very high.
     • This range balances “enough volatility to matter” with “not so extreme that the move may be overextended.”

6. Country: region = United States

   • Purpose: Restrict results to the US market, as requested.
   • Rationale:
     • Ensures you are seeing US-listed companies only, aligning with US trading hours, regulations, and common broker access.

7. Exchange: list_exchange in [XNYS, XNAS, XASE]

   • Purpose: Limit to major, reputable US exchanges (NYSE, Nasdaq, NYSE American) that generally have better liquidity and tighter spreads.
   • Rationale:
     • Excludes OTC and less regulated venues where liquidity, transparency, and execution quality can be worse.
     • NYSE/Nasdaq/NYSE American listings are standard hunting grounds for professional day traders.

Why Results Match Your Request

• The filters collectively target liquid, actively traded US stocks that are already moving 5–20% with volume far above normal, which is exactly the profile day traders seek for intraday opportunities.
• By constraining price, liquidity, and volatility measures (price range, dollar volume, relative volume, RSI, and % change), the screen narrows the universe to stocks that are tradable, in play today, and suitable for short-term strategies, not long-term investments or illiquid names.