Screening Filters
Price: $10–$20
- Purpose: Match your requested price range for swing trade candidates.
- Rationale: You explicitly asked for opportunities between $10 and $20. This filter strictly enforces that constraint so all results trade in that bracket—often a sweet spot where stocks are volatile enough for swings but not illiquid penny stocks.
Average Dollar Volume ≥ $1,000,000
- Purpose: Ensure sufficient liquidity for entering and exiting swing trades efficiently.
- Rationale: Swing trading requires tight spreads and the ability to move in/out without heavily impacting price. Dollar volume (price × volume) is a strong liquidity measure; setting a $1M+ minimum helps avoid thinly traded names where slippage and gaps can ruin a swing setup.
PriceAboveMA20 (Price above 20-day Moving Average)
- Purpose: Focus on stocks in short-term uptrends.
- Rationale: Swing traders often prefer to trade in the direction of the trend. If price is above its 20-day moving average, the short-term bias is bullish, increasing the probability that upside momentum can continue into your holding period (e.g., “tomorrow and the next few days”).
MACD: Bullish
- Purpose: Identify positive momentum shifts.
- Rationale: A bullish MACD (e.g., MACD line above signal line or turning positive) suggests momentum is either strengthening or has recently turned upward. For swing trading, this is a common confirmation that a potential upswing may be starting or resuming.
RSI Category: Moderate
- Purpose: Avoid overbought or oversold extremes that may be prone to sharp reversals.
- Rationale: When RSI is “moderate” (typically mid-range like 40–60), the stock isn’t stretched to extremes. For swing entries, this can be favorable: not buying after an exhausted spike (overbought) and not catching a falling knife (oversold) unless you’re specifically looking for mean-reversion setups.
1-Week Price Change: -5% to +15%
- Purpose: Target stocks that have shown some recent movement, but not such extreme moves that a reversal is likely imminent.
- Rationale:
- The lower bound (-5%) allows stocks that may have had a mild pullback in an uptrend—often good swing entry zones.
- The upper bound (+15%) prevents chasing names that have already made large short-term moves and may be due for consolidation or a pullback.
Why Results Match Your Request
- The price filter ($10–$20) directly satisfies your specified price range.
- The liquidity (dollar volume) filter ensures these swing trade ideas are practical to trade.
- The trend and momentum filters (PriceAboveMA20 and bullish MACD) align with the goal of finding bullish swing setups that have a higher probability of continuing upward into tomorrow and the near term.
- The RSI and weekly price-change constraints help avoid stocks that are too stretched or too stagnant, focusing on names with healthy, tradeable momentum without extreme risk of immediate reversal.
Together, these filters create a focused list of technically strong, liquid, mid-priced stocks that are well-suited as candidates for short-term swing trades starting tomorrow.
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.