Stocks under $2 for day trade today

Screening Filters

1. price: { max: 2 }

   • Purpose: Limit results to low-priced stocks trading at $2 or below.
   • Rationale: You explicitly asked for “stocks under $2.” This cap directly enforces that constraint so every stock surfaced will meet your price target, which is common for small-account or high-share-count day trades.

2. volume: { min: 500000 }

   • Purpose: Ensure sufficient liquidity, with at least 500,000 shares traded (typically on the prior session or current session, depending on data source).
   • Rationale: For day trading, you need to be able to get in and out quickly without large slippage. A 500k volume floor filters out thinly traded penny names that can be hard to exit and prone to erratic price jumps on tiny orders.

3. relative_vol: { min: 1.5 }

   • Purpose: Find stocks trading at at least 1.5× their normal volume.
   • Rationale: Elevated relative volume is a strong sign of unusual interest today (news, catalysts, momentum). For day trading “today,” you’re usually seeking names that are more active than usual, not just average daily churn.

4. price_change_pct: { min: -5, max: 20 }

   • Purpose: Target stocks that have moved between -5% and +20% on the day.
   • Rationale:
     • The upper bound (+20%) avoids extreme outliers that may already be overextended or highly unstable.
     • The lower bound (-5%) removes names collapsing heavily, which can be dangerous unless you are specifically trading sharp breakdowns.
     • This range focuses on stocks that are moving enough to offer intraday opportunity, but not so extreme that risk becomes unmanageable for many day traders.

5. list_exchange: ['XNYS', 'XNAS', 'XASE']

   • Purpose: Restrict results to major U.S. exchanges: NYSE, NASDAQ, and NYSE American.
   • Rationale: These exchanges tend to have better liquidity, tighter spreads, and more reliable data than OTC/pink sheet markets. For day traders, that usually means more predictable fills and less manipulation-prone names.

Why Results Match Your Request

• Your core requirement was “stocks under $2 for day trade today”:
  • The price ≤ $2 filter directly satisfies the “under $2” part.
  • The volume and relative volume filters target liquid, actively traded names today, which is exactly what a day trader typically wants.
  • The price change % bounds ensure the stocks are moving today, creating potential intraday setups without only surfacing extreme, blow-off moves.
  • Limiting to major U.S. exchanges further refines to more tradable, generally more stable tickers suitable for active intraday strategies.

All together, these filters focus on cheap, liquid, and currently active U.S. stocks—well aligned with your goal of finding under-$2 candidates for day trading today.