What’s a good day trade stock for today?

Screening Filters

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.