Screening Filters
Price: 5–100 USD
- Purpose: Focus on tradable, mid-priced stocks suitable for retail swing traders.
- Rationale:
- Below ~$5, many names are low-float, very speculative, and prone to erratic gaps that are harder to manage for disciplined swing trades.
- Above ~$100, position sizing becomes harder with $1,000–$10,000 and intraday percentage swings may be smaller relative to risk.
- The $5–$100 band tends to capture a sweet spot of volatility vs. stability for short-term trading.
Monthly Average Dollar Volume: ≥ 1,000,000 USD
- Purpose: Ensure good liquidity and tight spreads.
- Rationale:
- High dollar volume means enough trading activity so you can enter and exit quickly without moving the price too much.
- Swing traders often need to react decisively around technical levels; illiquid names can slip badly against you or fail to fill limit orders efficiently.
Moving Average Relationship: PriceCrossAboveMA20
- Purpose: Capture fresh bullish momentum setups.
- Rationale:
- A price crossing above the 20-day moving average is a classic short-term trend-change or continuation trigger used by swing traders.
- It often marks the start (or resumption) of an upswing after consolidation or a pullback, giving a clearer directional bias for the next few days.
- This directly serves “best stock for swing traders tomorrow” by focusing on names just triggering a technically meaningful bullish signal.
RSI Category: Moderate
- Purpose: Avoid extremely overbought/oversold conditions right before entry.
- Rationale:
- “Moderate” RSI (typically neither very low nor very high) suggests the stock is not at a blow-off top or a panic low, where violent reversals are common.
- For swing traders, this balances having enough momentum to move, without being so stretched that a sharp mean-reversion against the position is likely the very next day.
Listed Exchange: XNYS, XNAS, XASE (NYSE, NASDAQ, AMEX)
- Purpose: Limit results to major, regulated U.S. exchanges.
- Rationale:
- These exchanges generally offer better liquidity, transparency, and tighter spreads—critical for short-term strategies.
- It filters out OTC and very low-quality venues where price discovery can be poor and execution risk is higher.
One-day Rise Probability: ≥ 60%
- Purpose: Tilt toward stocks with a historically higher chance of rising the next day.
- Rationale:
- This metric (likely model-based on past patterns) directly targets the user’s focus on “tomorrow.”
- By requiring at least a 60% estimated probability of a one-day rise, the screener emphasizes setups where the immediate next-day edge is statistically more favorable—exactly what a short-term swing trader is hunting.
Why Results Match the User’s Request
- The filters collectively focus on liquid, mid-priced U.S. stocks with fresh bullish technical triggers (PriceCrossAboveMA20) that are not at extreme RSI readings, making them more manageable for short-term trades.
- The one_day_rise_prob ≥ 60% aligns explicitly with looking for the “best stock for swing traders tomorrow,” by emphasizing near-term upside probability.
- Liquidity and exchange filters ensure the names are actually tradable in and out over a few days with a $1,000–$10,000 account, which matches the type of swing trading context you’ve been asking about.
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.