Screening Filters
Price: min = 0.10, max = 2
- Purpose: Limit results to low-priced stocks trading below $2, while excluding ultra‑illiquid “sub‑penny” names.
- Rationale:
- Your explicit request was “stocks under $2,” so the max = 2 directly enforces that.
- A minimum of $0.10 is added to avoid extremely low‑priced tickers (e.g., $0.0001) that tend to be highly illiquid, prone to manipulation, and hard to trade efficiently. This keeps the list more practical and tradable for a $70 account.
Relative Volume: min = 1.5
- Purpose: Focus on stocks currently trading with at least 1.5× their normal volume.
- Rationale:
- Higher relative volume means more active interest and liquidity right now, which generally makes it easier to enter and exit positions, especially in low-priced stocks.
- Since your earlier context mentioned interest in a “quick return,” higher activity is consistent with seeking names where something is happening in the short term (news, momentum, etc.).
Moving Average Relationship: PriceAboveMA20
- Purpose: Only include stocks whose current price is above their 20‑day moving average.
- Rationale:
- Price above the 20‑day moving average is a simple way to filter for short‑term uptrends.
- For someone thinking about short‑term potential, this helps avoid names that are cheap because they are in clear downtrends.
1‑Week Price Change %: min = 3
- Purpose: Require that the stock has gained at least 3% over the last week.
- Rationale:
- This is a basic momentum filter: it selects stocks already showing some recent strength.
- Combining this with “price under $2” tries to avoid low‑priced stocks that are simply drifting lower with no buying interest.
List Exchange: ['XNYS', 'XNAS', 'XASE']
- Purpose: Restrict results to stocks listed on the NYSE, Nasdaq, or NYSE American.
- Rationale:
- These are major U.S. exchanges with stricter listing standards and generally better liquidity and transparency than OTC/pink‑sheet markets.
- This is especially important for sub‑$2 stocks, where risk and manipulation can be higher in less‑regulated venues.
One‑Week Rise Probability: min = 60
- Purpose: Include only stocks where an internal model estimates at least a 60% probability of rising over the next week.
- Rationale:
- This aligns with the earlier context of looking for a higher probability of short‑term gains, without promising outcomes.
- It’s a statistical filter that nudges the list toward names with historically favorable short‑term patterns, given similar setups in the past.
One‑Week Predicted Return: min = 3
- Purpose: Require that the model’s expected return over the next week is at least +3%.
- Rationale:
- This adds a magnitude requirement: not only should the odds of going up be decent, but the expected move should be meaningful.
- Again, for someone thinking about quick moves, it helps focus on names where the modeled upside is more than just a fraction of a percent.
Why Results Match:
Direct match to your request:
- The price filter (max = $2) explicitly satisfies your requirement for “stocks under $2.”
Practicality and risk management for low‑priced names:
- The $0.10 minimum and major‑exchange filter help avoid the worst of the highly speculative, illiquid micro‑pennies that are often not suitable for most retail investors.
Short‑term oriented, but not guaranteed:
- The combination of PriceAboveMA20, positive 1‑week performance, high relative volume, and the one‑week probability/expected return metrics all tilt the screener toward low‑priced stocks that are in short‑term uptrends with active trading and a statistically better‑than‑random chance of near‑term gains.
- This is consistent with your earlier interest in quick returns, while still acknowledging that no screen can guarantee a profit.
If you’d like, I can suggest how you might narrow or relax some of these filters depending on whether you care more about: (a) more candidates, or (b) stricter momentum/quality among sub‑$2 stocks.
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.