What's a good day trade today

Screening Filters

1. Price: 5–80 USD

   • Purpose: Focus on tradable, reasonably priced U.S. stocks.
   • Rationale:
     • Below $5 you often get penny stocks with erratic moves, wide spreads, and higher manipulation risk—bad for consistent day trading.
     • Above ~$80, each share ties up more capital and may reduce how many shares you can trade or scale in/out, which matters for short-term traders.
     • This range balances volatility with tradability and aligns with typical day-trader preferences.

2. Relative Volume ≥ 1.8

   • Purpose: Capture stocks with unusually high trading activity today.
   • Rationale:
     • Relative volume compares today’s volume to the recent average.
     • ≥ 1.8 means the stock is trading at least 80% more volume than usual—often due to news, earnings, or other catalysts.
     • Elevated relative volume is critical for day trading because it usually brings tighter spreads, better fills, and larger intraday price swings.

3. Monthly Average Dollar Volume ≥ 2,000,000 USD

   • Purpose: Ensure baseline liquidity and decent order execution.
   • Rationale:
     • Dollar volume (price × volume) is a more reliable liquidity measure than share volume alone.
     • ≥ $2M per day (on average over a month) weeds out thinly traded names where you could move the price against yourself or struggle to exit quickly—both serious issues for day traders.

4. RSI Category: “Moderate”

   • Purpose: Avoid stocks that are extremely overbought or oversold on a short-term basis.
   • Rationale:
     • “Moderate” RSI means the stock isn’t at a technical extreme where a sharp snap-back is highly likely.
     • For a day trader looking for moves that can continue intraday, this reduces the chance that you’re chasing an already-exhausted spike or trying to catch a falling knife that may keep dropping.
     • It helps target setups where intraday trends or breakouts still have room to develop.

5. Price Change % Today: 4%–20%

   • Purpose: Find stocks already moving strongly today, but not in out-of-control fashion.
   • Rationale:
     • A move of at least +4% signals meaningful momentum or volatility—exactly what a day trader wants, as flat stocks offer little opportunity.
     • Capping it at +20% filters out extreme outliers that may be purely speculative spikes or subject to trading halts and violent reversals.
     • This range focuses on names with significant, tradable intraday moves, but still manageable risk.

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

   • Purpose: Restrict results to major U.S. stock exchanges.
   • Rationale:
     • Directly matches the user’s request for “US stock market” opportunities.
     • Major exchanges generally have better liquidity, more reliable data, tighter execution, and broader institutional participation—all important for intraday trading.

Why Results Match:

• The exchange filter ensures you only see U.S.-listed stocks, exactly what you asked for.
• Price, dollar volume, and relative volume together ensure the stocks are:
  • Liquid enough to day trade efficiently
  • Active today with heightened interest and volume
• The price-change filter (4–20%) explicitly targets stocks exhibiting strong intraday movement now, which is where day-trade opportunities typically arise.
• The RSI “moderate” filter avoids extremely stretched technical conditions, focusing on moves that still have a reasonable probability of continuing intraday rather than instantly reversing.

Taken together, these filters narrow the U.S. market down to liquid, actively moving stocks with strong current trading interest and manageable risk characteristics—precisely the kind of names most day traders scan for when looking for good opportunities today.