Weekly momentum pullback of penny stocks

Screening Filters

1. Price: 0.20 – 5.00 USD

   • Purpose: Target penny stocks.
   • Rationale: In U.S. markets, “penny stocks” are generally defined as low‑priced shares, often under $5. By setting the price between $0.20 and $5, the screener focuses on the part of the market that fits the user’s interest in penny stocks and avoids ultra‑illiquid “sub‑pennies” below $0.20 that are often very hard to trade.

2. Monthly Average Dollar Volume ≥ $300,000

   • Purpose: Ensure minimum liquidity.
   • Rationale: Many penny stocks barely trade. Requiring at least ~$300K per day/month-average in dollar volume helps filter out the most illiquid names, making the results more realistic to trade and less prone to huge slippage or manipulative price moves.

3. Moving Average Relationship: PriceAboveMA20

   • Purpose: Capture stocks in an uptrend (momentum context).
   • Rationale: A weekly pullback in “momentum” only makes sense if the broader trend is up. Requiring the current price to be above the 20‑day moving average is a basic way to define a short‑term uptrend, so you’re looking at stocks pulling back within an established advance, not ones already in a downtrend.

4. 1‑Week Price Change: -15% to 0%

   • Purpose: Define the “weekly pullback.”
   • Rationale: A pullback means the price has dropped recently but not collapsed. By limiting weekly performance to between 0% and -15%, you’re catching names that have corrected over the last week without catastrophic declines, which fits the idea of a normal pullback in an ongoing momentum move.

5. 1‑Month Price Change: ≥ +30%

   • Purpose: Quantify “momentum.”
   • Rationale: Strong recent performance over the past month (at least +30%) is a clear numerical definition of positive momentum. Combining this with a negative week ensures you’re getting strong recent winners that are currently in a short‑term dip.

6. Region: United States

   • Purpose: Limit to a specific regulatory and market environment.
   • Rationale: “Penny stock” is most commonly used in the U.S. context, and liquidity, reporting rules, and trading mechanics differ by country. Focusing on U.S. stocks makes the results more consistent and relevant if you’re thinking in terms of that market.

7. Exchanges: XNYS, XNAS, XASE (NYSE, NASDAQ, AMEX)

   • Purpose: Focus on major, listed penny stocks instead of OTC.
   • Rationale: Many penny stocks trade over‑the‑counter (OTC), where disclosure and liquidity can be very poor. Restricting to major U.S. exchanges typically yields higher reporting standards and better tradability, while still allowing for low‑priced issues.

Why Results Match Your Query

• The price filter directly targets penny stocks.
• The 1‑month gain ≥ 30% and PriceAboveMA20 define stocks with recent upside momentum.
• The 1‑week decline between 0% and -15% identifies a short‑term pullback within that bigger uptrend, which is exactly a “weekly momentum pullback.”
• The liquidity, region, and exchange filters make the results more practical and focused on tradable, U.S.‑listed names rather than extremely illiquid or opaque securities.