Screening Filters
Price: $10–$400
- Purpose: Focus on reasonably priced, actively traded stocks suitable for a $1,000–$10,000 account.
- Rationale:
- Below $10 often captures illiquid, very speculative “penny stocks” with big spreads and slippage—bad for short-term trading.
- Above $400 makes it harder to build positions and manage risk with a smaller account.
- This range balances volatility with practicality for short-term trades.
Monthly Average Dollar Volume ≥ $3,000,000
- Purpose: Ensure strong liquidity.
- Rationale:
- Short-term strategies need tight bid–ask spreads and the ability to enter/exit quickly.
- Using dollar volume (price × shares traded) avoids thinly traded names where you can move the price against yourself.
Relative Volume ≥ 1.6
- Purpose: Find stocks currently trading with significantly higher-than-normal activity.
- Rationale:
- Relative volume > 1 means today’s volume is above the stock’s average; ≥ 1.6 flags strong interest.
- Elevated volume often accompanies short-term catalysts (earnings, news, strong momentum), which is exactly what you want for short-term price moves.
Moving Average Relationship: PriceAboveMA20 and PriceAboveMA200
- Purpose: Filter for stocks in established uptrends on both short- and long-term timeframes.
- Rationale:
- PriceAboveMA200: long-term uptrend; avoids structurally weak names.
- PriceAboveMA20: near-term strength; price is holding above recent average.
- Trading short-term in the direction of the broader trend generally has higher odds than trading against it.
1-Week Price Change: +5% to +15%
- Purpose: Target stocks with recent upward momentum, but not so extreme that they’re likely exhausted.
- Rationale:
- At least +5% in a week shows real buying pressure and a potential short-term trend to ride.
- Capping it at +15% avoids the most overextended names that are often due for sharp pullbacks, which is risky for quick trades.
Exchanges: NYSE (XNYS), NASDAQ (XNAS), AMEX (XASE)
- Purpose: Limit results to major U.S. exchanges with better regulation, liquidity, and data quality.
- Rationale:
- OTC and fringe markets can be extremely illiquid and prone to manipulation—bad for disciplined short-term strategies.
- Major exchanges offer tighter spreads and more reliable price action.
One-Week Rise Probability ≥ 70%
- Purpose: Use historical pattern/statistical models to focus on setups that have shown a high probability of rising over the next week.
- Rationale:
- This directly aligns with the “short-term gains” goal by emphasizing names where past similar patterns led to gains the majority of the time.
- It doesn’t guarantee profits, but it tilts the scan toward historically favorable short-term outcomes.
Is Optionable = True
- Purpose: Ensure every stock has listed options.
- Rationale:
- Even if you trade shares only, optionable stocks tend to be more actively followed and liquid.
- If you ever want to use options for leverage or hedging in short-term trades, this filter guarantees that flexibility.
Why Results Match Your Request
- The scan focuses on short-term momentum (recent 1-week gains, price above 20-day MA, elevated relative volume) to find names already moving up with active interest.
- It adds trend quality and risk control (price above 200-day MA, exclude very low-priced stocks, major exchanges only) so you’re trading short-term within generally stronger names.
- It emphasizes tradability and execution (high dollar volume, optionable stocks) which are critical for short-term entries and exits.
- The one-week rise probability filter ties directly to your goal by prioritizing setups with historically strong near-term performance.
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.