Screening Filters & Rationale
Price (max: $5):
- Purpose: Identify penny stocks trading at $5 or less.
- Rationale: Stocks in this price range are typically classified as penny stocks, aligning with the user's request.
Market Cap Category (small, micro):
- Purpose: Focus on small and micro-cap stocks.
- Rationale: These categories often include penny stocks with high growth potential but higher risk.
Relative Volume (min: 1.5):
- Purpose: Select stocks with trading activity significantly above their average.
- Rationale: High relative volume indicates increased interest, which is crucial for aftermarket trading opportunities.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Ensure sufficient liquidity for trading.
- Rationale: High turnover reduces the risk of illiquidity, making it easier to execute trades efficiently.
Is Optionable (True):
- Purpose: Include stocks with options available.
- Rationale: Optionable stocks provide additional trading strategies and flexibility for investors.
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.