Stocks $5 and under for a week breakout

Screening Filters & Rationale

1. Price ≤ $5:

   • Purpose: Focuses on low-priced stocks to meet the user's budget constraint.
   • Rationale: Ensures all selected stocks are affordable and align with the user's request for stocks priced at $5 or less.

2. Relative Volume ≥ 1.5:

   • Purpose: Identifies stocks with significantly higher trading activity than usual.
   • Rationale: Increased volume often signals heightened interest, which can precede a breakout.

3. RSI (14) between 45 and 65:

   • Purpose: Targets stocks that are neither overbought nor oversold.
   • Rationale: Stocks in this RSI range are often poised for momentum shifts, increasing breakout potential.

4. Price Crossing Above 5-Day Moving Average:

   • Purpose: Highlights stocks showing short-term bullish momentum.
   • Rationale: A price crossing above a moving average is a common technical indicator of a potential breakout.

5. Weekly Price Change ≥ 7%:

   • Purpose: Focuses on stocks already showing strong upward movement.
   • Rationale: A significant weekly price increase suggests momentum that could continue into the next week.