Under $1 with high relative daily volume

Screening Filters

1. price ≤ 1

   • Purpose: Limit results to very low-priced stocks trading at or below $1 per share.
   • Rationale:
     • The user explicitly requested “stocks priced under $1.”
     • Setting a maximum price of 1 ensures we only capture stocks at $1 or less, which closely aligns with “under $1” in typical screeners (some include exactly $1 as part of that bucket).
     • This removes higher-priced stocks that would not fit the user’s focus on sub-dollar names.

2. relative_vol ≥ 1.5

   • Purpose: Identify stocks trading with elevated current volume compared to their normal (average) volume, i.e., “high relative daily volume.”
   • Rationale:
     • Relative volume (relative_vol) measures how today’s trading volume compares to the stock’s average volume over a certain lookback period (commonly 10, 20, or 30 days).
     • A value of 1.0 means volume is normal; 1.5 means today’s volume is about 50% higher than usual, which is a meaningful spike.
     • By requiring relative_vol ≥ 1.5, the filter targets stocks that are experiencing unusually high trading activity today, matching the idea of “high relative daily volume.”

Why Results Match:

• The price ≤ 1 filter directly addresses the request for stocks priced under $1 by restricting the universe to sub-dollar (or at most $1) names.
• The relative_vol ≥ 1.5 filter operationalizes “high relative daily volume” using a standard market metric, ensuring we only see stocks with significantly higher-than-normal trading volume right now.

Together, these filters search specifically for sub-$1 stocks that are currently trading with elevated volume compared to their typical levels, which is exactly what the user requested.