Screening Filters
Price: $1 to $10
- Purpose: Restrict results to low-priced stocks, capped at $10 as requested.
- Rationale:
- Directly matches your requirement: “priced under $10.”
- Floor at $1 avoids ultra‑illiquid penny stocks (sub‑$1) that often have extreme spreads and manipulation risk, which are less suitable for swing trading.
Monthly Average Dollar Volume: ≥ $1,000,000
- Purpose: Ensure sufficient liquidity for entering and exiting swing trades efficiently.
- Rationale:
- Swing trading depends on being able to get in and out without huge slippage.
- A minimum of $1M traded per day (on average over a month) means there’s enough participation and tighter spreads, making it more practical to execute swing trades, especially in lower‑priced names.
RSI Category: Moderate
- Purpose: Avoid stocks that are extremely overbought or oversold.
- Rationale:
- A “moderate” RSI (typically around the middle range, not at extremes like >70 or <30) suggests the stock isn’t stretched in one direction.
- For swing trades, this can be a sweet spot: the trend can continue without being so extended that a sharp mean‑reversion is likely, and you’re not necessarily catching a falling knife either.
Price Above 20-Day Moving Average (PriceAboveMA20)
- Purpose: Focus on stocks in short‑term uptrends.
- Rationale:
- Swing traders often want to trade with the prevailing short‑term trend.
- Price above the 20‑day MA is a common technical sign of near‑term bullish momentum or recovery, improving the probability of follow‑through on the upside over the next several days to weeks.
1-Month Price Change: +5% to +40%
- Purpose: Capture stocks with recent positive momentum, but not excessively parabolic moves.
- Rationale:
- A gain of at least 5% over the past month indicates some constructive upward movement—these are not dead or drifting names.
- Capping gains around 40% filters out names that have already gone “vertical”; those can be more prone to sharp pullbacks, which may be less appealing for a new swing entry.
One-Week Predicted Return: 0% to 100%
- Purpose: Incorporate a model-based expectation that the next week is not negative.
- Rationale:
- By requiring predicted return ≥ 0, the screener excludes stocks where the internal model forecasts a negative near‑term bias.
- This aligns with the idea of a swing trade where you want at least a neutral‑to‑positive edge for the coming week, not a setup that’s statistically leaning bearish.
Why Results Match Your Swing-Trade Request
- The price filter ($1–$10) directly implements your “under $10” requirement while excluding the riskiest micro‑pennies.
- The dollar volume filter ensures you’re looking at tradable, liquid stocks—key for swing trading.
- Price above the 20-day MA plus a +5–40% 1‑month gain targets stocks with active, but not exhausted, bullish momentum, a common swing‑trading profile.
- The moderate RSI and non‑negative predicted 1‑week return tilt the list toward names where the move can logically continue, rather than those that are already extremely overbought or model‑flagged as weak.
Together, these filters narrow the universe to liquid, sub‑$10 stocks showing healthy but not extreme upside momentum, consistent with what many traders look for in short‑term swing opportunities.
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.