What penny stocks are good for day trading
Intellectia 3 candidates
Customize Free Screener
Our AI identifies and quantifies criteria, auto-filters ranges to match intent, and displays conditions, parameters, and results below, with 3 candidates fitting the screener.
Filters & Rationale
Screening Filters & Rationale
Price (max: $5):
- Purpose: Focus on penny stocks by limiting the price to $5 or below.
- Rationale: Stocks under $5 are typically classified as penny stocks, aligning with the user's request.
Relative Volume (min: 1.5):
- Purpose: Identify stocks with significant trading activity compared to their average.
- Rationale: A relative volume above 1.5 indicates heightened interest, which is crucial for day trading opportunities.
Beta (HighRisk):
- Purpose: Target high-risk stocks with greater price volatility.
- Rationale: High beta stocks are more volatile, offering potential for quick price movements ideal for day trading.
Weekly Average Turnover (min: 4,000,000):
- Purpose: Ensure sufficient liquidity for ease of entry and exit.
- Rationale: High turnover minimizes the risk of illiquidity, which is critical for day traders.
Moving Average Relationship (PriceAboveMA20):
- Purpose: Focus on stocks showing upward momentum.
- Rationale: A price above the 20-day moving average suggests a bullish trend, which can be advantageous for short-term trades.
Weekly Price Change Percentage (min: 4%):
- Purpose: Select stocks with notable recent price movement.
- Rationale: A weekly price change above 4% indicates strong momentum, which is essential for day trading strategies.
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.
Frequently Asked Questions
How does the screener result generated?
This is a natural language screener issue. Our AI identifies and quantifies criteria, auto-filters ranges to match intent, and displays conditions, parameters, and results below, with 3 candidates fitting the screener.
Which symbols are included in the screener of What penny stocks are good for day trading
The list includes top performers like Neumora Therapeutics Inc (NMRA), Atomera Inc (ATOM), Immunic Inc (IMUX), among others. These stocks are representative examples from the screener results.