Penny stocks showing nuy signals

Screening Filters

1. Price: min $0.01, max $5

   • Purpose: Capture “penny stocks” by price.
   • Rationale: In U.S. markets, “penny stock” is often defined as any stock trading under about $5, not just under $1 or $0.25. Setting the range from $0.01 to $5 focuses the screen on low‑priced, higher‑risk names that most traders refer to as penny stocks.

2. Volume: min 300,000 shares

   • Purpose: Ensure stocks have sufficient liquidity.
   • Rationale: Penny stocks can be very illiquid, making it hard to enter/exit without big slippage. A minimum of 300k shares traded helps filter out thinly traded tickers, so the “buy signals” you see are actually tradable in practice.

3. MACD: bullish

   • Purpose: Identify momentum turning positive.
   • Rationale: A bullish MACD (e.g., MACD line crossing above its signal line or staying above it) is a classic buy signal indicating strengthening upward momentum. This directly targets penny stocks that are technically starting or continuing an uptrend.

4. Moving Average Relationship: PriceCrossAboveMA20

   • Purpose: Capture recent breakouts above short‑term trend.
   • Rationale: Price crossing above the 20‑day moving average is commonly viewed as a bullish/buy signal, suggesting a shift from weakness to strength in the short‑term trend. Combining this with MACD bullish strengthens the case that buyers are taking control.

5. RSI Category: moderate

   • Purpose: Avoid extreme overbought/oversold conditions.
   • Rationale: A “moderate” RSI (typically around 40–60) means the stock is not extremely overbought. For buy setups, this helps avoid chasing penny stocks that have already spiked to unsustainable levels, while still allowing for constructive momentum.

6. List Exchange: XNYS, XNAS, XASE (NYSE, Nasdaq, NYSE American)

   • Purpose: Focus on major U.S. exchanges.
   • Rationale: Many penny stocks trade OTC, where reporting and liquidity can be poor. Limiting to NYSE, Nasdaq, and NYSE American increases data reliability, transparency, and typically better liquidity, making the “buy signals” more actionable and less scam‑prone.

Why Results Match Your Request (“penny stocks showing buy signals”)

• “Penny stocks” is addressed by the price filter up to $5, targeting low‑priced names.
• “Showing buy signals” is handled by:
  • Bullish MACD → positive momentum / trend confirmation.
  • Price crossing above 20‑day MA → fresh technical bullish trigger.
  • Moderate RSI → focuses on healthier, non‑extreme setups.
• Tradability and quality are improved with:
  • Volume ≥ 300k → better liquidity.
  • Major exchanges only → more reliable, regulated listings.

Together, these filters narrow the universe to low‑priced, reasonably liquid U.S. stocks that are currently flashing commonly used technical buy signals rather than just any random penny stock.