New IPO to buy

Screening Filters

1. volume min 500,000

• Purpose: Ensure the IPO has enough trading activity.
• Rationale: New IPOs can be very illiquid, which makes them harder to buy and sell efficiently. A minimum volume filter helps surface IPOs that already have meaningful market participation and tighter spreads.

2. market cap min 500,000,000

• Purpose: Focus on larger, more established newly public companies.
• Rationale: For someone considering IPOs to buy, a minimum market cap helps avoid very small, speculative listings and highlights companies that the market has already valued at a substantial size.

3. moving_average_relationship: PriceAboveMA20, PriceAboveMA200

• Purpose: Select IPOs with positive short-term and long-term price strength.
• Rationale: If a stock is above both its 20-day and 200-day moving averages, it suggests the stock is trading with upward momentum and above key technical support levels. That can be useful when looking for IPOs that are not only new, but also showing healthy post-listing price action.

4. RSI category: moderate

• Purpose: Avoid extremely overbought or weak names.
• Rationale: A moderate RSI suggests the stock is neither too hot nor too oversold. For IPOs, this helps filter out names that may have run up too far too fast while still avoiding weak performers.

5. month_price_change_pct min 0

• Purpose: Require positive recent performance.
• Rationale: Since you asked which IPOs to consider buying, it makes sense to focus on names that have at least held gains over the last month. This screens for IPOs that are gaining traction rather than losing momentum.

6. region: US

• Purpose: Limit results to U.S.-listed companies.
• Rationale: IPO markets, reporting standards, and trading behavior differ by region. Restricting to U.S. stocks keeps the screen aligned with the most relevant and accessible IPO universe for many investors.

7. list_exchange: XNYS, XNAS, XASE

• Purpose: Include major U.S. exchanges: NYSE, Nasdaq, and NYSE American.
• Rationale: Most notable U.S. IPOs list on these exchanges. This makes the screen more practical and focused on mainstream IPO opportunities.

8. is_trending: True

• Purpose: Identify IPOs with visible market interest and momentum.
• Rationale: Trending stocks are often those getting attention from traders and investors, which can be especially relevant for newly listed companies where market sentiment is still forming.

9. analyst_consensus: Strong Buy, Moderate Buy, Hold

• Purpose: Keep stocks with at least acceptable analyst coverage and sentiment.
• Rationale: IPOs with analyst coverage that is not outright negative may be more suitable for consideration. Including Strong Buy and Moderate Buy emphasizes favorable outlooks, while Hold allows for newer names where analysts are still evaluating the business but do not see major downside.

Why Results Match:

• The screen is built to find new U.S. IPOs that already show liquidity, investor interest, and positive price momentum.
• It avoids very small, thinly traded, or technically weak names, which are often riskier for IPO buyers.
• The combination of fundamental size filters, technical momentum filters, and analyst sentiment helps narrow the list to IPOs that are more likely to be worth further research rather than purely speculative listings.
• While no screen can guarantee a good purchase, these filters are well suited to identifying newly public stocks with healthier trading characteristics and more supportive market signals.