Screening Filters
- Volume > 2,000,000
- Purpose: Find stocks with heavy trading activity.
- Rationale: Day trading works best in liquid stocks because they have tighter spreads, easier entries/exits, and less slippage. A 2M+ volume threshold helps focus on names with enough participation to support fast intraday moves.
- Relative Volume > 2.0
- Purpose: Identify stocks trading at least twice their normal activity.
- Rationale: Relative volume is a strong sign that something unusual is happening today. For day trading, stocks with elevated relative volume are more likely to have momentum, volatility, and short-term opportunities.
- Price Above 5-day Moving Average
- Purpose: Screen for short-term upward trend.
- Rationale: If price is above the 5-day average, the stock is showing immediate strength rather than weakness. That helps isolate stocks with active intraday bullish momentum, which is useful for day trading.
- Price Above 20-day Moving Average
- Purpose: Confirm the stock is above a broader short-term trend.
- Rationale: Being above the 20-day average suggests the move is not just a tiny bounce, but part of a more sustained trend. This reduces the chance of selecting stocks that are merely reacting briefly but still structurally weak.
- Price Change % > 0
- Purpose: Focus on stocks currently positive on the day.
- Rationale: For a day-trading screener, this helps prioritize stocks with immediate upward bias and ongoing intraday momentum rather than stocks that are already fading.
- US Region
- Purpose: Limit results to U.S.-listed stocks.
- Rationale: This matches the user’s request for U.S. day-trading results and ensures the screener is only looking at stocks in the relevant market.
- Exchange: XNYS, XNAS, XASE
- Purpose: Restrict results to major U.S. exchanges.
- Rationale: Stocks on NYSE, Nasdaq, and AMEX are generally more liquid and more suitable for day trading than illiquid over-the-counter names. This improves reliability and tradeability.
- Price > EMA 5 and Price > EMA 20
- Purpose: Confirm bullish momentum using exponential moving averages.
- Rationale: These are similar to the moving-average filters above, but with EMA specifically emphasizing recent price action more heavily. Having price above both EMAs strengthens the case that the stock is in a short-term uptrend and still attractive for momentum trading.
- Optionable = True
- Purpose: Include stocks with listed options.
- Rationale: Even though the user asked for stocks, optionability often overlaps with more liquid, actively traded names. These stocks tend to have better market attention and tighter spreads, which can improve day-trading suitability.
Why Results Match:
- The filters target high-liquidity U.S. stocks that can be entered and exited quickly.
- They emphasize current momentum through elevated volume, relative volume, and positive price change.
- They require the stock to be trading above short-term trend levels, which helps surface stocks with bullish intraday strength.
- Limiting results to major U.S. exchanges improves tradeability and reduces noise.
- Requiring optionability further biases the screener toward actively followed, liquid names.
Overall, this filter set is well aligned with the user’s request for a U.S. day-trading stock from the previous screener results, because it prioritizes stocks that are liquid, actively moving, and showing real-time bullish momentum.
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.