Screening Filters
Price: 10–150 USD
- Purpose: Focus on reasonably priced, actively traded stocks and avoid extreme penny names or very high-priced outliers.
- Rationale:
- Below ~$10, many stocks are low-quality, illiquid, and prone to erratic moves that are hard to trade with size.
- Above ~$150, position sizing for short‑term trades becomes harder for many traders, and spreads can widen.
- The $10–$150 band targets a sweet spot: enough volatility and liquidity for active trading, but generally more stable order books than microcaps.
Monthly Average Dollar Volume ≥ 1,000,000 USD
- Purpose: Ensure strong liquidity over time.
- Rationale:
- Dollar volume (price × volume) is more meaningful than share volume alone; it tells you how much money actually changes hands.
- ≥$1M/day on average helps ensure you can enter/exit with minimal slippage, which is crucial for short‑term trades where small execution costs matter a lot.
Relative Volume ≥ 2
- Purpose: Find stocks with unusually high trading activity today vs. their normal level.
- Rationale:
- Relative volume of 2 means the stock is trading at least twice its typical volume.
- This often signals a catalyst (news, earnings, upgrades/downgrades, sector move), which tends to produce better intraday ranges and clearer short‑term setups.
- Short‑term traders want names “in play”; relative volume is a direct way to find them.
Volume ≥ 0
- Purpose: Effectively no additional constraint here.
- Rationale:
- This is likely just a placeholder; the real liquidity constraint is handled by the monthly_average_dollar_volume and relative_vol filters.
- It doesn’t tighten the screen further, but it doesn’t hurt either.
Price Change % (Today) between +3% and +15%
- Purpose: Target stocks that are moving enough to matter, but not yet in extreme blow‑off territory.
- Rationale:
- A move of at least +3% indicates momentum and a tradable move; flat or ±1% days often don’t give attractive risk/reward for short‑term trades.
- Capping at +15% avoids many of the most parabolic, extended moves that are increasingly risky to chase intraday or for a short swing, where reversals can be violent.
- This range is a practical compromise: strong action with room for follow‑through, without only showing “already gone” rockets.
Is Optionable = True
- Purpose: Limit results to stocks that have listed options available.
- Rationale:
- Many short‑term traders use options (calls/puts, spreads) to express directional views, manage risk, or amplify returns with defined risk.
- Optionable names are usually more established and more liquid, another indirect quality filter.
- This fits a “short‑term trading opportunities” frame for traders who may want flexibility beyond stock-only trades.
Why Results Match the User’s Request
- The screen focuses on liquid, actively traded stocks (dollar volume + relative volume) so you can realistically get in and out intraday or over a few days.
- It requires meaningful price movement today (3–15% up), which is exactly what short‑term traders need: volatility with a current catalyst.
- The price band keeps names practical for position sizing and avoids many illiquid microcaps.
- The optionable filter ensures the list is usable for traders who deploy common short‑term options strategies.
Together, these filters don’t guarantee “the top 3 winners,” but they systematically narrow the universe to stocks that are currently in play and structurally suitable for short‑term trading.
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.