What penny stocks are bullish

Screening Filters

1. Price: 0.50 – 3.00 USD

   • Purpose: Capture low-priced “penny stock” names while avoiding ultra-cheap, highly illiquid micro-pennies.
   • Rationale:
     • Many market participants define penny stocks as under $5, but focusing on the $0.50–$3 range tends to highlight “true” low-priced stocks without going into the most distressed sub-$0.50 names.
     • This aligns with your request for penny stocks while keeping the universe slightly higher quality than the bottom of the market.

2. Monthly Average Dollar Volume: ≥ 1,000,000 USD

   • Purpose: Ensure the stocks are reasonably liquid and actually tradable.
   • Rationale:
     • Dollar volume (price × volume) shows how much money trades in the stock per day/month.
     • A minimum of $1M monthly average helps filter out extremely illiquid names where it can be hard to get in or out, spreads are wide, and prices can be easily manipulated—a common issue with penny stocks.
     • This makes the results more practical for real trading.

3. RSI Category: “Moderate”

   • Purpose: Find stocks with positive or emerging momentum without being extremely overbought.
   • Rationale:
     • RSI (Relative Strength Index) is a momentum indicator; high RSI can mean strong bullish momentum, but very high RSI often signals an overbought, late-stage move.
     • A “moderate” RSI usually indicates a constructive, bullish or improving trend, while avoiding names that may already be overheated and prone to near-term pullbacks.
     • This fits your “currently showing bullish trends” idea, but with some risk control.

4. Moving Average Relationship: PriceAboveMA200

   • Purpose: Identify stocks in a longer-term bullish trend.
   • Rationale:
     • The 200-day moving average is a classic line in the sand between long-term uptrends and downtrends.
     • Requiring price to be above the 200-day MA means the stock is in a structurally bullish phase, rather than just a short-term bounce in a larger downtrend.
     • This directly targets the “bullish trends” part of your request.

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

   • Purpose: Restrict results to major U.S. exchanges.
   • Rationale:
     • Many penny stocks trade OTC, where reporting standards and liquidity can be much worse.
     • Keeping to NYSE, NASDAQ, and NYSE American prioritizes better-disclosed, more strictly regulated names, even within the penny-stock universe.
     • This improves data quality, execution quality, and reduces some of the more extreme risks.

6. Region: United States

   • Purpose: Match your request for U.S. market penny stocks.
   • Rationale:
     • Ensures all companies are U.S.-listed and under U.S. market hours/regulation, consistent with the “US market” specification.

Why Results Match Your Request

• “Penny stocks”: Addressed by the price filter (0.50–3.00) to capture genuinely low-priced names, and by focusing on the typical penny-stock price band.
• “In the US market”: Covered by the region filter (United States) and exchange list (NYSE, NASDAQ, NYSE American).
• “Currently showing bullish trends”:
  • PriceAboveMA200 ensures a long-term uptrend.
  • The moderate RSI category focuses on stocks with constructive momentum that are not yet extremely overbought.
• Tradability and practicality: The minimum dollar-volume filter helps avoid illiquid, easily manipulated names, making the screened stocks more realistic candidates to trade.