Screening Filters
Price: $1 – $60
- Purpose: Focus on reasonably priced, actively tradable stocks that fit a typical retail day-trading account size.
- Rationale:
- Below $1 you get into ultra-penny/micro-cap territory with huge spreads, manipulation risk, and unreliable liquidity.
- Above $60 stocks can move well, but they often require larger capital per share and can be less suitable for smaller accounts or quick scalps.
- The
1–60 band is a common sweet spot for day traders: enough volatility and volume, but still manageable position sizes for accounts in the low thousands.
Monthly Average Dollar Volume: ≥ $300,000
- Purpose: Ensure there is sufficient liquidity in dollar terms so you can enter and exit trades without huge slippage.
- Rationale:
- Dollar volume = price × volume. It’s a better measure than share volume alone because it reflects how much money actually flows through the stock.
- ≥ $300k per month helps filter out “dead” tickers where hardly any capital is trading; these are dangerous for day trading because your order can move the price against you.
Current Volume: ≥ 1 share
- Purpose: Eliminate tickers with literally zero trading that day.
- Rationale:
- This is a minimal safeguard: if volume is 0, you simply can’t trade it intraday.
- The low threshold is used because the dollar volume filter already does the heavy lifting on liquidity; this one just ensures today’s tape isn’t completely inactive.
Price Change % Today: ≥ +1%
- Purpose: Target stocks already moving today, which is essential for day trading.
- Rationale:
- Day traders need volatility and momentum. A stock up at least 1% shows some directional interest and potential intraday ranges.
- This removes flat, range-bound names that might be “good companies” but won’t move enough for a meaningful day trade.
Exchange: XNYS, XNAS, XASE (NYSE, NASDAQ, AMEX)
- Purpose: Restrict results to major US exchanges with better oversight, data quality, and usually tighter spreads.
- Rationale:
- These exchanges generally have higher reporting standards and more institutional participation.
- For day trading, this reduces exposure to the worst OTC/pink-sheet type risks (extreme illiquidity, poor fills, questionable disclosures).
Why Results Match Your Request
- You asked for a good US day-trade stock for today.
- The filters focus on:
- US-listed names only (major exchanges).
- Stocks with enough liquidity and dollar volume to day trade realistically.
- Active movers today (≥1% price move), which is where day-trading opportunities usually are.
- Tradable price levels that align well with a smaller retail trading account and intraday strategies.
Together, these filters narrow the universe down to liquid, US-listed stocks that are actually moving today and are suitably priced for short-term trading, which directly supports your goal of finding a good day-trade candidate.
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.