What penny stock to buy this week

Screening Filters & Rationale

1. Market Cap (max: $1,000,000,000):

   • Purpose: Focus on small-cap companies to identify potential high-growth penny stocks.
   • Rationale: Smaller market cap stocks often have higher growth potential but come with increased risk, aligning with speculative investment strategies.

2. Price (max: $5):

   • Purpose: Limit the selection to low-priced stocks classified as penny stocks.
   • Rationale: Stocks under $5 are typically considered penny stocks, appealing to investors seeking high-risk, high-reward opportunities.

3. Relative Volume (min: 2):

   • Purpose: Identify stocks with significant recent trading activity compared to their average.
   • Rationale: A relative volume above 2 indicates increased investor interest, which could signal potential price movement.

4. Weekly Average Turnover (min: $1,000,000):

   • Purpose: Ensure sufficient liquidity for ease of entry and exit.
   • Rationale: High turnover reduces the risk of illiquidity, making it easier to trade without significant price impact.

5. Moving Average Relationship (PriceCrossAboveMA20):

   • Purpose: Highlight stocks showing bullish momentum by crossing above their 20-day moving average.
   • Rationale: This technical indicator suggests a potential upward trend, aligning with short-term growth strategies.