Screening Filters
Price: 10–80 USD
- Purpose: Focus on mid-priced stocks that are liquid and tradable for most day traders.
- Rationale:
- Very low-priced stocks (below $10) often have wider spreads, higher manipulation risk, and less reliable intraday moves.
- Very high-priced stocks (above $80) can be harder to size positions in and may require more capital per trade.
- The $10–80 range strikes a balance: active enough for intraday trading, but not so expensive that small traders are excluded.
Monthly Average Dollar Volume: ≥ $2,000,000
- Purpose: Ensure strong liquidity so you can get in and out quickly with limited slippage.
- Rationale:
- Dollar volume combines price and share volume, directly reflecting how much money trades in the stock each day.
- A minimum of $2M per day (on average over the month) screens out illiquid names that are dangerous for day trading and might not fill orders efficiently.
- Better liquidity generally means tighter bid–ask spreads and more reliable intraday price action.
Relative Volume (relative_vol): ≥ 1.5
- Purpose: Find stocks currently trading with significantly higher activity than their normal levels.
- Rationale:
- Relative volume ≥ 1.5 means the stock is trading at least 50% more volume than its average.
- Elevated relative volume often accompanies news, momentum, and strong intraday moves—conditions day traders seek.
- This focuses on in-play stocks, not just any liquid ticker.
Moving Average Relationship: PriceAboveMA20
- Purpose: Identify stocks in a short-term uptrend, reinforcing a bullish bias.
- Rationale:
- Price above the 20-day moving average is a classic sign of near-term bullishness.
- It filters out names in obvious downtrends or trading below key short-term support.
- For a “bullish stocks” scan, this ensures you are looking at names with upward technical structure rather than trying to fight the trend.
1-Week Price Change (%): ≥ 8%
- Purpose: Capture strong recent momentum that may continue into next week, which is often attractive for day trading.
- Rationale:
- A gain of at least 8% in the last week signals clear recent strength and active buying interest.
- Momentum tends to draw more traders, create cleaner intraday patterns, and offer more tradable swings.
- This aligns directly with your request for bullish candidates, not just stable or sideways names.
List Exchange: XNYS, XNAS, XASE (NYSE, NASDAQ, AMEX)
- Purpose: Restrict results to major US exchanges, as requested.
- Rationale:
- These exchanges host the most liquid, regulated US stocks.
- It excludes OTC and foreign markets that may have poor transparency or different trading hours/conditions.
- This directly matches your requirement: “US stock market.”
Why Results Match Your Request
Bullish bias:
- PriceAboveMA20 + ≥ 8% gain in the past week together ensure the list is tilted toward stocks with clear recent upside momentum and uptrends.
Day-trading suitability:
- Dollar volume ≥ $2M and major US exchanges ensure adequate liquidity and better execution quality.
- Relative volume ≥ 1.5 targets currently active names, which are more likely to provide intraday volatility and tradeable moves.
Practical tradeability:
- The $10–80 price range keeps you in a band where position sizing is flexible, spreads are typically manageable, and the names are accessible to most active traders.
Overall, these filters are designed to surface US-listed stocks that are liquid, actively traded, and showing strong, short-term bullish momentum—making them appropriate candidates to review for day trading opportunities in the coming week.
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.