Day trade bearish or bullish

Screening Filters

1. price >= 0

   • Purpose: Keeps the search broad and includes all US-listed instruments regardless of price level.
   • Rationale: For a day-trade bias question like “bearish or bullish,” price level alone does not determine direction. This filter simply ensures the screen does not exclude any relevant names unnecessarily.

2. PriceBelowMA20

   • Purpose: Finds instruments trading below their 20-day moving average.
   • Rationale: This is a short-term bearish signal. If price is below the 20-day average, momentum is weak and the instrument is often in a near-term downtrend, which helps identify bearish day-trade setups.

3. PriceBelowMA60

   • Purpose: Finds instruments trading below their 60-day moving average.
   • Rationale: This adds a medium-term bearish confirmation. When price is below both the 20-day and 60-day averages, it strengthens the case that the instrument is not just having a temporary pullback, but is more structurally weak.

4. MACD bearish / negative

   • Purpose: Screens for negative momentum and bearish MACD signals.
   • Rationale: MACD below zero and/or bearish MACD crossover conditions suggest downside momentum is still active. This is useful for a day-trade bearish bias because it helps identify names where sellers remain in control.

5. RSI moderate

   • Purpose: Selects instruments that are not extremely overbought or oversold.
   • Rationale: For day trading, “moderate” RSI avoids chasing exhausted moves. In a bearish setup, this can help find stocks that still have room to move lower without being too stretched already.

6. PriceAroundResistance / PriceAroundUpperBoll / PriceBreakResistance

   • Purpose: Identifies price action near a key resistance zone or upper Bollinger Band, or a breakout above resistance.
   • Rationale: This is especially relevant for a bearish day-trade idea because resistance areas are where rallies often stall and reverse. If price is near resistance while momentum is weak, that can create a higher-probability short setup. If price has just broken resistance, it may indicate a bullish breakout instead, which helps identify names where the bearish thesis may be invalid or where follow-through needs confirmation.

7. region = US

   • Purpose: Limits the screen to US markets.
   • Rationale: This keeps the result set focused on US-tradable securities, which is consistent with most stock screening workflows and improves relevance for execution and liquidity.

Why Results Match:

• The combination of price below the 20-day and 60-day moving averages plus bearish/negative MACD points to short-term and medium-term weakness, which aligns well with a bearish day-trade bias.
• RSI moderate helps avoid overly extended names, making the screen more useful for finding actionable intraday setups rather than exhausted oversold situations.
• The resistance-related filter is important because bearish day trades often come from failed rallies or rejection at key technical levels.
• The US region keeps the search practical and relevant for stock trading.

In short, these filters are designed to find US stocks with bearish momentum, weak trend structure, and potential rejection near resistance, which fits a bearish day-trading view.