Penny stocks that are bullish right now

Screening Filters & Rationale

1. Market Cap (max: $1,000,000,000):

   • Purpose: Focus on small-cap companies typically classified as penny stocks.
   • Rationale: Smaller market cap stocks often have higher growth potential but come with increased risk, aligning with the speculative nature of penny stock investments.

2. Price (max: $5):

   • Purpose: Identify stocks trading at a low price point to meet the definition of penny stocks.
   • Rationale: Stocks under $5 are generally considered penny stocks, appealing to investors seeking low-cost entry points.

3. Relative Volume (min: 2.5):

   • Purpose: Highlight stocks with significantly increased trading activity.
   • Rationale: High relative volume indicates strong investor interest, often signaling potential bullish momentum.

4. RSI 14 (min: 70):

   • Purpose: Identify stocks in overbought territory, suggesting strong upward momentum.
   • Rationale: An RSI above 70 often indicates bullish trends, which aligns with the goal of finding stocks currently trending upward.

5. Moving Average Relationship (PriceAboveMA20, PriceAboveMA200):

   • Purpose: Ensure the stock price is above both short-term and long-term moving averages.
   • Rationale: This filter confirms a strong bullish trend, as the stock is performing well relative to its recent and long-term price history.

6. Monthly Price Change Percentage (min: 20%):

   • Purpose: Focus on stocks with significant price appreciation over the past month.
   • Rationale: A 20% or higher monthly price increase indicates strong recent performance, aligning with the search for bullish penny stocks.