Screening Filters
price: max $5
- Purpose: Find low-priced U.S. stocks under the user’s stated price limit.
- Rationale: The user specifically asked for stocks under $5, so this filter directly matches that requirement and keeps the screen focused on penny/low-priced names that are typically of interest for day trading.
relative_vol: min 1.5
- Purpose: Identify stocks trading with above-normal activity relative to their usual volume.
- Rationale: Day traders generally look for stocks with unusual volume, because higher relative volume often signals stronger intraday movement, better liquidity, and more opportunity for short-term price swings.
volume: min 1,000,000
- Purpose: Ensure the stock is actively traded today.
- Rationale: High absolute volume helps make day trading more practical by improving liquidity and reducing the chance of getting stuck in thinly traded names with wide spreads. A minimum of 1 million shares is a common way to find stocks with enough participation for intraday trading.
min5_price_change_pct: min 0
- Purpose: Focus on stocks that are at least flat or positive over the recent 5-day period.
- Rationale: This helps screen for stocks that are not currently in a weak short-term downtrend. For day trading, names showing some short-term strength or stability can be more attractive than stocks that are steadily falling.
region: US
- Purpose: Restrict results to U.S.-listed stocks.
- Rationale: The user asked for U.S. stocks, so this filter ensures the screen only includes securities from the U.S. market.
list_exchange: XNYS, XNAS, XASE
- Purpose: Limit the search to major U.S. exchanges: NYSE, Nasdaq, and NYSE American.
- Rationale: Stocks on these exchanges are generally more accessible, more liquid, and more suitable for active trading than OTC or less regulated venues.
is_optionable: True
- Purpose: Select stocks that have listed options.
- Rationale: While not required for day trading, optionable stocks are often more actively followed and liquid. This can be a useful quality filter for active traders looking for well-known, tradable names.
Why Results Match:
- The filters as a whole target U.S.-listed stocks under $5 with strong current trading activity, which is exactly what day traders need.
- Price and region/exchange filters make sure the stocks match the user’s market and price criteria.
- Volume and relative volume help surface stocks with enough liquidity and intraday momentum to trade efficiently.
- The 5-day price change filter avoids stocks that are already showing weak recent momentum.
- The optionable filter favors more established, actively watched names that often have better trading characteristics.
Overall, this screen is designed to find low-priced U.S. stocks that are active enough and liquid enough for day trading today.
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.