Swing trade under 20$ for next week

Screening Filters

1. Price: min = 5, max = 20

   • Purpose: Find stocks under $20 that are still reasonably established.
   • Rationale:
     • Your request specifies “priced under $20,” so the upper bound of 20 directly reflects that.
     • A minimum price of $5 avoids ultra-low-priced “penny stocks,” which are often highly illiquid, easily manipulated, and risky for swing trading.

2. Monthly Average Dollar Volume: min = 1,000,000

   • Purpose: Ensure sufficient liquidity for entering and exiting swing trades efficiently.
   • Rationale:
     • Dollar volume measures how much money trades in and out of the stock (price × volume).
     • A minimum of $1M per month filters out thinly traded names where spreads are wide and orders can move the price against you—important for short-term trading.

3. Moving Average Relationship: PriceAboveMA20

   • Purpose: Focus on stocks in a short-term uptrend or with positive momentum.
   • Rationale:
     • For swing trades, you typically want stocks already showing strength, not ones in clear downtrends.
     • Requiring price to be above the 20-day moving average is a common technical rule to capture stocks where recent price action is bullish and momentum is favorable over roughly the past month.

4. Region: United States

   • Purpose: Limit to U.S.-listed stocks for consistency in trading hours, regulations, and data quality.
   • Rationale:
     • Many swing traders focus on U.S. markets for better liquidity, tighter spreads, and more reliable price/volume data.
     • It also aligns with common broker access and avoids complications tied to foreign exchange, foreign regulations, or very different trading hours.

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

   • Purpose: Restrict results to major U.S. exchanges.
   • Rationale:
     • These exchanges generally have better liquidity, tighter spreads, and stricter listing standards.
     • This reduces exposure to OTC or pink-sheet stocks that can be extremely volatile or illiquid—undesirable for disciplined swing trading.

6. One-Week Rise Probability: min = 65

   • Purpose: Prioritize stocks that models estimate have a relatively higher probability of rising in the next week.
   • Rationale:
     • Your time horizon is “for the next week,” so using a one-week rise probability directly aligns with your goal.
     • A threshold of 65% narrows the list to names where the historical/quantitative patterns currently favor upside more than usual.
     • This is not a guarantee, but a way to tilt the screen toward setups with a statistically stronger chance of a positive week.

7. One-Week Predicted Return: min = 4

   • Purpose: Focus on trades where the expected upside over the next week is meaningful for a swing trade.
   • Rationale:
     • A minimum predicted return of 4% in a week targets stocks where the potential move justifies the risk and effort of a short-term trade.
     • This helps filter out names that might be “likely to rise” but only by a very small amount, which is less attractive for swing trading.

Why Results Match Your Swing-Trade Objective

• The price filter ($5–$20) directly matches your “under $20” requirement while avoiding the riskiest micro-priced names.
• The liquidity (dollar volume) and major-exchange filters make the results more tradable, with tighter spreads and easier entries/exits—critical for a one-week swing.
• The PriceAboveMA20 condition ensures you’re looking at stocks with short-term bullish momentum, not fighting the trend.
• The one-week rise probability and one-week predicted return specifically target next-week performance, aligning the screen’s time horizon with your swing-trade window and focusing on setups with both higher estimated odds of rising and sufficient upside potential.