Best swing stock for today ?

Screening Filters

1. Relative Volume (min: 1.5):

   • Purpose: To identify stocks with significantly higher trading activity compared to their average volume.
   • Rationale: Elevated relative volume often indicates increased interest or momentum in a stock, which is crucial for swing trading as it suggests potential price movement in the short term.

2. RSI Category (Moderate):

   • Purpose: To focus on stocks that are neither overbought nor oversold, based on the Relative Strength Index (RSI).
   • Rationale: Swing traders typically look for stocks in a moderate RSI range (30-70) to avoid extreme conditions where a reversal might be imminent. This ensures the stock has room to move in the desired direction.

3. Weekly Price Change Percentage (min: 2%, max: 10%):

   • Purpose: To filter stocks that have shown recent upward momentum but are not excessively volatile.
   • Rationale: A weekly price change of 2-10% indicates a stock with a healthy, sustainable trend, which is ideal for swing trading. Stocks with too little movement may not provide sufficient profit opportunities, while excessively volatile stocks may carry higher risk.

4. Market Cap (min: $1 billion):

   • Purpose: To focus on mid-to-large-cap stocks with more stability and liquidity.
   • Rationale: Larger market cap stocks are generally more predictable and less prone to erratic price swings, making them suitable for swing trading strategies that rely on technical analysis.

5. Moving Average Relationship (PriceAboveMA20):

   • Purpose: To identify stocks currently trading above their 20-day moving average.
   • Rationale: A stock trading above its 20-day moving average is in a short-term uptrend, which aligns with the goal of swing trading to capitalize on upward momentum.

Why Results Match:

• The filters collectively focus on stocks with strong momentum, moderate RSI levels, and a sustainable price trend, which are key characteristics for swing trading opportunities.
• By including criteria like relative volume and price above the 20-day moving average, the screener ensures that the selected stocks are actively traded and in a short-term uptrend, increasing the probability of profitable swing trades.
• The weekly price change range (2-10%) ensures that the stocks have enough movement to generate returns without being excessively risky.
• The market cap filter ensures that the stocks are liquid and stable, reducing the likelihood of unpredictable price movements.

These filters are well-suited to finding stocks with a higher probability of success for swing trading today.