What is a good short term buy today?

Screening Filters

1. Relative Volume (relative_vol: {'min': '1.5'}):

   • Purpose: To identify stocks with significantly higher trading activity compared to their average volume.
   • Rationale: A relative volume above 1.5 indicates that the stock is experiencing heightened interest and liquidity, which is often associated with short-term trading opportunities. This aligns with the user's request for a good short-term buy, as increased volume can signal momentum or news-driven activity.

2. RSI Category (rsi_category: ['moderate']):

   • Purpose: To filter stocks that are neither overbought nor oversold, based on the Relative Strength Index (RSI).
   • Rationale: Stocks in the "moderate" RSI category are in a neutral zone, which suggests they are not currently at extreme levels of buying or selling pressure. This provides a balanced entry point for short-term trades, avoiding stocks that may be overextended in either direction.

3. Weekly Price Change Percentage (week_price_change_pct: {'min': '5'}):

   • Purpose: To find stocks that have shown a significant positive price movement over the past week.
   • Rationale: A minimum weekly price change of 5% ensures that the stock has demonstrated recent upward momentum, which is a key factor for short-term traders looking to capitalize on trends.

4. Market Capitalization (market_cap: {'min': '1000000000'}):

   • Purpose: To focus on larger, more stable companies with a market cap of at least $1 billion.
   • Rationale: Larger-cap stocks tend to have better liquidity and lower volatility compared to smaller-cap stocks, making them more suitable for short-term trades with manageable risk.

5. Moving Average Relationship (moving_average_relationship: ['PriceAboveMA20']):

   • Purpose: To identify stocks where the current price is above the 20-day moving average.
   • Rationale: A price above the 20-day moving average indicates a bullish trend in the short term, which aligns with the user's goal of finding stocks with upward momentum for a potential short-term buy.

Why Results Match:

• The filters collectively focus on identifying stocks with strong short-term momentum, liquidity, and stability, which are critical factors for short-term trading.
• The relative volume and weekly price change filters ensure that the stocks are experiencing heightened activity and recent upward movement, which are key indicators of potential short-term opportunities.
• The RSI and moving average filters help refine the selection to stocks that are in a favorable technical position, avoiding overbought or bearish trends.
• The market cap filter ensures that the results include stocks with sufficient liquidity and stability, reducing the risk of extreme volatility that can be detrimental to short-term trades.

By combining these filters, the screener effectively narrows down the universe of stocks to those with a higher probability of being good short-term buys, addressing the user's query comprehensively.