What’s a good day trade stock for today?

Screening Filters

1. Market Cap Category: micro, nano

   • Purpose: Target very small companies that tend to move sharply intraday.
   • Rationale: For day trading (and names like RCAT), traders often look for high-volatility small caps. Micro and nano caps are more likely to have big percentage swings in a single session, creating the kind of trading ranges day traders seek.

2. Price: min = 1, max = 10

   • Purpose: Focus on lower-priced, but not ultra-penny, stocks.
   • Rationale:
     • Under $10 stocks can move several percent with relatively small capital, which is attractive for day trading.
     • Excluding sub-$1 stocks filters out the most illiquid/“lottery ticket” pennies where spreads and manipulation risk are much higher.

3. Relative Volume: min = 1.5

   • Purpose: Find stocks trading at least 1.5× their normal volume.
   • Rationale: Elevated relative volume indicates unusual interest or a catalyst (news, earnings, rumors). For day trades, this “extra attention” typically translates into better intraday volatility and more reliable moves, which is what traders look for in names like RCAT on an active day.

4. Volume: min = 500,000 shares

   • Purpose: Ensure sufficient liquidity for intraday entries and exits.
   • Rationale: A minimum of 500k shares traded helps avoid thinly traded names with wide spreads and slippage. This is critical for day trading, where you may need to move in and out quickly without moving the price too much.

5. Moving Average Relationship: PriceAboveMA5, PriceAboveMA20

   • Purpose: Select stocks in a short-term uptrend.
   • Rationale:
     • Price above the 5-day MA shows very near-term strength.
     • Price above the 20-day MA indicates a broader short-term bullish trend.
     • Together, they bias the screener toward stocks already trending up, which is consistent with momentum day-trading strategies (riding strength rather than bottom-fishing).

6. MACD: bullish, positive

   • Purpose: Confirm upward momentum with a widely used technical indicator.
   • Rationale:
     • A bullish/positive MACD suggests upward momentum is building or ongoing.
     • This complements the moving-average filters, narrowing the list to names where multiple technical signals align in favor of a bullish intraday trade setup.

7. Price Change %: min = 1, max = 10 (for the session)

   • Purpose: Capture stocks already moving, but not excessively extended.
   • Rationale:
     • At least +1% ensures the stock is “in play” with discernible momentum.
     • Capping at +10% tries to avoid names that may already be overextended and prone to sharp reversals. This range is often a sweet spot for finding ongoing moves that may still have intraday potential.

8. List Exchange: XNAS, XASE, XNYS (NASDAQ, AMEX, NYSE)

   • Purpose: Restrict to major U.S. exchanges.
   • Rationale: These exchanges generally provide better liquidity, tighter spreads, and more reliable regulation and data—important for intraday trading execution and risk management.

Why Results Match Your Request

• You asked for a good day-trade stock for today, specifically referencing RCAT.O (a volatile, small-cap NASDAQ name). These filters are designed to surface similar types of setups: small, relatively low-priced U.S. stocks with:

  • Strong intraday liquidity (volume and exchange filters),
  • Clear short-term bullish momentum (moving averages and MACD),
  • Unusual trading activity right now (relative volume and price change filters).

• The screener does not restrict to RCAT alone; instead, it searches for other stocks that exhibit the same kind of characteristics traders look for when considering names like RCAT for day trades. We don’t have a special “RCAT-only” or “RCAT-style pattern” filter, but these criteria effectively approximate that profile in a systematic way.