Stocks under $1 bullish

Screening Filters

1. Price ≤ $1

   • Purpose: Limit the search to low-priced stocks trading at or below $1 per share.
   • Rationale: Your request explicitly targets “stocks under $1.” Setting a maximum price of $1 ensures all results fall into the sub‑$1 category, which is commonly associated with penny stocks or very low-priced equities.

2. MACD: Bullish

   • Purpose: Select stocks where the MACD (Moving Average Convergence Divergence) indicator is currently giving a bullish signal.
   • Rationale: MACD is a popular momentum indicator used to identify potential trend changes and strength. A “bullish” MACD condition typically means:
     • The MACD line has crossed above the signal line, or
     • The MACD histogram has turned positive, or
     • The MACD is rising from a previously weak/oversold level.
       This aligns directly with your request for “bullish indicators,” since MACD is one of the standard technical tools to spot bullish momentum.

3. Moving Average Relationship: PriceAboveMA5, PriceAboveMA20

   • Purpose: Ensure the current stock price is above both its 5-day and 20-day moving averages.
   • Rationale:
     • PriceAboveMA5 (5-day MA): Suggests very short-term strength. The stock is trading higher than its recent average price over the past week, often indicating short-term upward momentum.
     • PriceAboveMA20 (20-day MA): Suggests short- to medium-term strength. Trading above the 20-day average often indicates the stock is in a short-term uptrend rather than a downtrend or sideways range.
       Together, these conditions are classic bullish technical signs: a stock trading above its moving averages is typically interpreted as being in an uptrend or at least having positive momentum.

Why Results Match:

• Your core requirements are:

  • Price constraint: “under $1” → handled directly by price max: 1.
  • Bullish technical behavior: “with bullish indicators” → addressed through:
    • A bullish MACD condition, capturing momentum and potential trend strength, and
    • Price above short-term moving averages (5- and 20-day), capturing ongoing upward price action.

• You did not specify a particular indicator (e.g., RSI, stochastic), only “bullish indicators” in general. MACD and moving averages are widely used, standard bullish signals, so using them together is an effective way to screen for sub-$1 stocks that are showing positive technical momentum rather than just being cheap.