Screening Filters
Price between $5 and $100 ('price': {'min': '5', 'max': '100'})
- Purpose: Focus on tradeable, non-penny stocks that are still reasonably priced for day trading.
- Rationale:
- Under $5 often includes penny stocks with extreme risk, illiquidity, and unreliable moves.
- Above $100 can make intraday position sizing harder for many day traders and can be more erratic in dollar terms.
- The $5–$100 range is a common “sweet spot” for active traders looking for volatility but not the worst-quality names.
High liquidity: at least $1M average monthly dollar volume ('monthly_average_dollar_volume': {'min': '1000000'})
- Purpose: Ensure the stocks are liquid enough for fast entries and exits with minimal slippage.
- Rationale:
- Day traders need tight bid–ask spreads and enough volume to get in and out quickly.
- A minimum of $1M in average dollar volume helps avoid thinly traded names that can move sharply against you on small orders.
Price breaking resistance ('support_resistance_relationship': ['PriceBreakResistance'])
- Purpose: Find breakout setups where the stock has just moved above a prior resistance level.
- Rationale:
- Breaks above resistance are classic short-term trading signals, often associated with fresh momentum and increased interest.
- For day trades “today,” you typically want names triggering technical events now, not stocks stuck in ranges.
Minimum price move of +3% today ('price_change_pct': {'min': '3'})
- Purpose: Target stocks that are already moving meaningfully intraday.
- Rationale:
- A gain of at least 3% signals active buying and volatility—exactly what day traders look for.
- It filters out flat or low-volatility names that are unlikely to offer good intraday opportunities.
Why Results Match Your Request
- The screen focuses on liquid, mid-priced stocks—appropriate for entering and exiting positions intraday.
- It requires active price movement today (+3%) and a technical breakout pattern (price breaking resistance), both of which are common criteria for day-trading candidates.
- Combined, these filters are designed not to “guarantee” profitable day trades, but to surface today’s higher-probability, momentum-driven setups that many day traders look for.
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.