Screening Filters
Price: $1–$50
- Purpose: Find stocks affordable for a small account and aligned with your “under $50” request.
- Rationale:
- Keeps picks within your stated price range.
- Under $50 gives you more shares per trade, which is practical for day trading (easier to scale in/out and see dollar gains from small price moves).
Relative Volume ≥ 1.5
- Purpose: Focus on stocks trading with at least 1.5× their normal volume today.
- Rationale:
- Day trading requires unusual activity so the price actually moves.
- High relative volume usually means news, momentum, or strong interest — better intraday opportunities and easier entries/exits.
Weekly Average Dollar Volume ≥ $1,000,000
- Purpose: Ensure liquidity in dollars, not just share count.
- Rationale:
- A stock can trade a lot of shares but still be illiquid if the price is tiny.
- $1M+ per week in dollar volume helps make sure you can get in and out on Robinhood without huge spreads or slippage.
Moving Average Relationship: PriceAboveMA5 & PriceAboveMA20
- Purpose: Only show stocks currently in short-term uptrends.
- Rationale:
- Price above 5-day MA → very short-term bullish bias.
- Price above 20-day MA → broader short-term uptrend, not just a 5-minute spike.
- For a beginner day trader, trading with the short-term trend (rather than trying to catch falling knives) is safer and simpler.
MACD: Bullish & Positive
- Purpose: Confirm momentum is pointing upward, not just price drifting up.
- Rationale:
- MACD “positive” means the short-term average is above the longer-term average.
- “Bullish” crossover/stance means momentum recently turned or is staying positive.
- This stacks another momentum filter on top of moving averages to find stocks more likely to continue up, which fits your goal of “making money today” via short-term moves.
Price Change % Today: Between -3% and +5%
- Purpose: Avoid stocks that are completely dead (no move) or wildly extended.
- Rationale:
- Below about -3% can be severe downtrends or news-driven dumps — harder for a new trader to handle.
- Above about +5% can be overextended runners at risk of sharp pullbacks, especially for someone just starting.
- This range targets “active but not insane” movers — enough volatility for day trades, without going straight to the most dangerous names.
Themes: “Oil sector”
- Purpose: Interpret your “gas stock” request as oil & gas equities.
- Rationale:
- In stock screeners, “gas” is normally grouped under Oil & Gas / Energy.
- The “Oil sector” theme will typically include many oil & gas exploration, production, and services stocks — the closest match to “gas stocks” for trading on Robinhood.
Exchanges: XNYS, XNAS, XASE (NYSE, NASDAQ, AMEX)
- Purpose: Limit results to major U.S. exchanges supported by Robinhood.
- Rationale:
- These exchanges list the most liquid, regulated U.S. stocks — generally better execution and narrower spreads.
- Ensures anything that comes out of this screen is realistically tradable in your Robinhood account.
Why Results Match Your Request
- You asked for day trading candidates under $50 → the price, volume, and momentum filters are tuned specifically for short-term trading and your budget.
- You want a “gas stock on Robinhood” → the Oil sector theme plus U.S. major exchanges targets oil & gas names that you can actually buy on Robinhood.
- You want a chance to “make money today” → the relative volume, dollar volume, MACD bullish/positive, and price-above-MAs filters focus on liquid, active stocks with short-term uptrends and momentum, which are exactly the types of setups day traders look for.
We fully support the indicators used here (price, volume, moving averages, MACD), and they are standard, practical tools for building a beginner-friendly day-trading watchlist, especially for oil & gas names on Robinhood.
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.