Stocks to buy under 2 $ today

Screening Filters

1. Price: min 0.2, max 2

   • Purpose: Directly target low-priced stocks trading under $2 per share.
   • Rationale: Your request was for “stocks to buy under $2 today.” Setting the upper bound at 2 ensures all candidates meet your price ceiling. The small lower bound (0.20) excludes extremely low-priced “sub-penny” names that tend to be extremely illiquid and risky, while still keeping the search in the very low-price segment.

2. Market Cap: min 50,000,000 (≥ $50M)

   • Purpose: Filter out the tiniest, most speculative micro-cap and nano-cap names.
   • Rationale: Many stocks under $2 are very small, thinly traded companies. By requiring at least a $50M market cap, the screener aims to avoid the most illiquid, easily manipulated stocks and focus on companies with at least some scale and trading activity, making them more practical to buy and sell.

3. RSI Category: moderate

   • Purpose: Avoid stocks that are extremely overbought or oversold on a short-term momentum basis.

   • Rationale:

     • Overbought (very high RSI) stocks under $2 can be at risk of near-term pullbacks after sharp spikes.
     • Oversold (very low RSI) can flag names in the middle of severe downtrends or distress.

     Choosing a “moderate” RSI range focuses on stocks that are not at emotional extremes, which is often preferable for entering positions “today” without chasing a blow-off move or catching a falling knife.

4. Moving Average Relationship: PriceAboveMA20

   • Purpose: Require that the stock’s current price is above its 20-day moving average, a basic sign of short-term strength.
   • Rationale: Among low-priced stocks, many are in persistent downtrends. By insisting that price is above the 20-day moving average, the screener biases toward names showing at least near-term positive momentum or stabilization, aligning better with a “to buy today” mindset rather than bottom-fishing purely on price.

5. Exchange List: XNYS, XNAS, XASE (NYSE, NASDAQ, AMEX)

   • Purpose: Limit results to major U.S. exchanges.
   • Rationale: Many sub-$2 stocks trade over-the-counter (OTC), where reporting standards and liquidity are often weaker. Focusing on NYSE, NASDAQ, and AMEX generally provides:
     • Better liquidity (tighter spreads, easier entries/exits)
     • Higher listing and reporting standards
     • Lower risk of extreme price manipulation compared to many OTC penny stocks

Why Results Match:

• The price filter directly matches your request for stocks under $2.
• The market cap, RSI, and PriceAboveMA20 filters work together to avoid the riskiest, most distressed penny stocks and tilt toward low-priced names that have some scale and are not in extreme technical conditions.
• Restricting to major exchanges helps ensure the results are more tradable and transparent, making them more suitable candidates “to buy today” rather than purely speculative tickers.