What are some day trades for today

Screening Filters

1. Price: $5–$80

   • Purpose: Target stocks that are reasonably priced and actively tradable, while avoiding ultra-cheap penny stocks and extremely high-priced names.
   • Rationale:
     • Below $5 you often find illiquid, highly manipulated penny stocks that can be very risky and harder to trade efficiently (wide spreads, unreliable moves).
     • Above $80, price swings in dollar terms can be large and may require bigger capital per position, which isn’t ideal for many day traders.
     • The $5–$80 range tends to capture a sweet spot of liquidity, volatility, and accessibility for intraday strategies.

2. Monthly Average Dollar Volume ≥ $2,000,000

   • Purpose: Ensure there is enough liquidity (cash flowing through the stock) for easy entries/exits.
   • Rationale:
     • Dollar volume (price × volume) is a better liquidity measure than share volume alone.
     • A minimum of $2M per day on average means you’re less likely to face big slippage when you buy/sell, which is crucial for short-term trades.
     • Highly liquid names also generally have tighter bid–ask spreads, benefitting active traders.

3. Relative Volume ≥ 2

   • Purpose: Focus on stocks that are trading at least twice their normal volume today.
   • Rationale:
     • Elevated relative volume is a strong sign that “something is happening” (news, earnings, sector move, etc.).
     • Day traders seek stocks “in play,” where increased participation can create strong directional moves and intraday tradable patterns.
     • Relative volume ≥ 2 filters for names that are unusually active right now, not just normally liquid.

4. Moving Average Relationship: PriceAboveMA20

   • Purpose: Bias toward stocks in a short-term uptrend or showing technical strength.
   • Rationale:
     • Price above the 20-day moving average usually indicates recent bullish momentum.
     • For many day traders, it’s easier (and often safer) to trade in the direction of the prevailing short-term trend.
     • This filter tries to avoid names that are structurally weak or in persistent downtrends, focusing on candidates where upside continuation is more plausible.

5. Price Change % (Today) ≥ 4%

   • Purpose: Find stocks that are already moving significantly intraday.
   • Rationale:
     • Day trading requires volatility; a stock up/down at least 4% is exhibiting meaningful price action.
     • This filter helps isolate names with momentum and range to actually generate tradable intraday setups, rather than flat, slow-moving stocks.
     • Combined with high relative volume, it points to strong active interest and larger intraday swings.

6. Region: United States

   • Purpose: Restrict results to U.S.-listed companies, matching your request.
   • Rationale:
     • Ensures all candidates are within the U.S. market, with U.S. trading hours, regulations, and reporting standards that most day traders focus on.

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

   • Purpose: Limit to major U.S. exchanges.
   • Rationale:
     • These exchanges generally have higher listing standards, better liquidity, and more reliable trading infrastructure than OTC or pink-sheet markets.
     • This aligns with the goal of finding day-tradable names with dependable execution and data.

Why Results Match Your Request

• The filters collectively prioritize liquidity (dollar volume, major exchanges) so you can get in and out quickly, which is essential for day trading.
• They emphasize current activity and volatility (relative volume ≥ 2, price change ≥ 4%) to find stocks that are actually moving today, not just theoretically interesting.
• They lean toward short-term strength and momentum (PriceAboveMA20, positive price action), which many intraday strategies rely on.
• They are U.S.-focused (region + exchange filters), precisely aligned with your request for day trading opportunities in the U.S. stock market.