Daily time frame swing trade ideas

Screening Filters

1. Price: $5–$150

   • Purpose: Focus on reasonably priced, actively traded stocks suitable for retail swing traders.
   • Rationale:
     • Under ~$5 often includes very illiquid, high-manipulation penny stocks that can be too risky or hard to trade on a daily timeframe.
     • Very high-priced stocks (>$150) can require larger capital per share and may not be ideal for smaller swing positions or scaling in/out.
     • The $5–$150 range balances accessibility and quality, fitting typical swing-trade position-sizing needs.

2. Monthly Average Dollar Volume ≥ $1,000,000

   • Purpose: Ensure liquidity so you can enter and exit swing trades efficiently with less slippage.
   • Rationale:
     • Dollar volume (price × volume) captures both trading activity and capital flow.
     • A minimum of $1M per month (and typically much higher in practice) helps filter out thinly traded names where spreads are wide and charts are “choppy,” which is problematic for daily swing setups.
     • Better liquidity usually leads to more reliable technical patterns.

3. Moving Average Relationship: Price Above 20-Day Moving Average (PriceAboveMA20)

   • Purpose: Focus on stocks in short-term uptrends, which are typically more favorable for long-side swing trades.
   • Rationale:
     • The 20-day moving average roughly corresponds to about one trading month and is a common reference for swing traders on the daily chart.
     • Price above the 20-day MA implies positive short-term momentum and can indicate that buyers are in control.
     • This aligns with looking for “swing trade ideas” that are not fighting the immediate trend.

4. RSI Category: Moderate

   • Purpose: Avoid extremes (oversold/overbought) and focus on healthy, sustainable momentum.
   • Rationale:
     • A “moderate” RSI usually means the stock is neither deeply oversold (potentially weak for continuation) nor extremely overbought (more prone to sharp pullbacks).
     • For daily swing trades, many traders prefer stocks with solid but not exhausted momentum—this is what a moderate RSI aims to capture.
     • It increases the probability that a trend can continue for a few days to weeks without immediate reversal.

5. 1-Month Price Change: +5% to +40%

   • Purpose: Target stocks with recent positive performance, but not so extreme that a correction is highly likely.
   • Rationale:
     • A minimum +5% over the past month shows there is some upward momentum—these names are “in play” and attracting buying interest.
     • Capping it around +40% avoids the most parabolic movers that can be overextended and unstable for new swing entries.
     • This range supports the idea of capturing continuation moves in an established swing rather than chasing blow-off tops.

6. Region: United States

   • Purpose: Match the user’s request for US stocks specifically.
   • Rationale:
     • Limits the universe to US-domiciled companies, which generally trade on US exchanges and follow US market hours and regulations—important if you’re trading daily setups in US sessions.

7. Exchange: XNYS (NYSE), XNAS (NASDAQ), XASE (AMEX)

   • Purpose: Focus on major US exchanges with higher reporting standards and better liquidity.
   • Rationale:
     • NYSE, NASDAQ, and AMEX list the bulk of actively traded US stocks that swing traders typically focus on.
     • Excludes many OTC or pink-sheet stocks that tend to be illiquid, more volatile, and less reliable from a technical standpoint.

Why Results Match the User’s Request

• The filters explicitly restrict the universe to US-listed stocks on major exchanges, matching “US stocks.”
• Liquidity (dollar volume) and reasonable price levels ensure the names are practical to trade on a daily timeframe with manageable spreads and slippage.
• Technical filters (PriceAboveMA20, moderate RSI, +5–40% 1-month performance) are tailored to identify short-term uptrends and healthy momentum, which is precisely what many traders look for in daily swing trade ideas (holding for days to weeks rather than minutes or months).

Overall, these combined filters narrow the market down to liquid, reasonably priced US stocks with constructive short-term trends, making them a focused starting list for daily timeframe swing-trade candidates.