Important Context
No screener can tell you “the best” stock for day trading today or guarantee profits. What it can do—and what these filters are doing—is narrow the US market down to candidates that have characteristics day traders typically look for: strong liquidity, meaningful intraday moves, and volatility.
Screening Filters
Price: 5 ≤ price ≤ 80
- Purpose: Focus on reasonably priced, tradeable stocks, avoiding both penny stocks and very high-priced names.
- Rationale:
- Above $5 avoids many illiquid, highly manipulable penny stocks that can be dangerous and hard to get in/out of.
- Below $80 keeps position sizes flexible for intraday trading (easier to scale in/out, manage risk, and avoid huge capital commitments per share).
Volume: volume ≥ 10,000,000
- Purpose: Ensure high liquidity for fast entries and exits.
- Rationale:
- Day traders need tight bid-ask spreads and deep order books.
- ≥10M shares traded today typically indicates strong interest and enough liquidity to support active intraday trading strategies without large slippage.
Relative Volume: relative_vol ≥ 2
- Purpose: Find stocks trading at at least double their normal volume today.
- Rationale:
- Relative volume (RVOL) compares today’s volume to the average.
- RVOL ≥ 2 flags stocks with unusual activity—often driven by news, earnings, or catalysts—creating better intraday price action and volatility for day trades.
Beta: HighRisk
- Purpose: Target high-volatility stocks that move more than the overall market.
- Rationale:
- “HighRisk” generally means beta > 1 (often well above 1).
- Higher beta = larger intraday swings, which is exactly what day traders seek for meaningful profit potential (with correspondingly higher risk).
Price Change %: 4% ≤ price_change_pct ≤ 25%
- Purpose: Focus on stocks already making a substantial move today, but filter out extremely unstable moves.
- Rationale:
- ≥4% ensures the stock is actively moving; flat names are rarely attractive for day trades.
- Capping at 25% avoids the most extreme movers that can be excessively erratic, gapping, or manipulated, which can be very difficult to trade risk‑sensibly intraday.
Exchange: ['XNYS', 'XNAS', 'XASE'] (NYSE, Nasdaq, AMEX)
- Purpose: Restrict to major US exchanges.
- Rationale:
- These exchanges typically have better liquidity, tighter spreads, stronger regulation, and more reliable data—ideal for intraday strategies.
- This aligns with your request for US stocks specifically.
Why Results Match Your Day-Trading Focus
- The screen prioritizes liquidity (high absolute volume and major exchanges) so you can get in and out quickly.
- It targets volatility and movement (high beta, strong % price change, elevated relative volume) that day traders generally need for opportunity.
- It filters out problematic extremes (very low-priced penny stocks, ultra-parabolic names) that can be disproportionately risky or illiquid despite big moves.
The output won’t be a single “best” stock, but a curated list of high-probability day-trading candidates that fit common professional criteria for intraday trading in US markets.
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.