Screening Filters
Price: min $5, max $80
- Purpose: Focus on reasonably priced, actively traded stocks and avoid extremely low-quality penny stocks or very high-priced names that are harder to scale into with a small account.
- Rationale:
- Day traders usually avoid stocks under ~$5 because they’re often illiquid, more easily manipulated, and have wide spreads.
- Extremely high-priced stocks (hundreds or thousands of dollars per share) can be impractical if you’re trading with a smaller account or want flexibility in position sizing.
5–80 is a “sweet spot” where many actively traded momentum names tend to fall, with enough volatility but still good liquidity.
Relative Volume (relative_vol ≥ 1.5)
- Purpose: Capture stocks that are trading with significantly higher volume than usual today.
- Rationale:
- Day trading thrives on unusual activity—news, catalysts, or big institutional interest.
- A relative volume of 1.5+ means the stock is trading at least 50% more volume than its normal average, which often correlates with larger intraday price moves and better trade opportunities.
- Higher relative volume usually brings tighter spreads and smoother fills, both critical for short-term trading.
Monthly Average Dollar Volume (≥ $3,000,000)
- Purpose: Ensure the stocks are consistently liquid in dollar terms, not just in share count.
- Rationale:
- Dollar volume = price × volume; it’s a good measure of how much money actually flows through the stock.
- For day trading, you want to be able to enter and exit quickly without moving the price too much.
- A minimum of $3M per day (on average) helps filter out thinly traded names that can have big slippage and unreliable price action.
Moving Average Relationship: PriceAboveMA5, PriceAboveMA20
- Purpose: Focus on stocks in a short-term uptrend—useful if you’re primarily looking for long (buy) setups.
- Rationale:
- The 5-day and 20-day moving averages are short-term trend gauges.
- Price above both suggests recent strength and upward momentum, which is what many day traders look to ride intraday.
- This avoids stocks in clear downtrends where long trades are fighting the dominant direction, which can lower win rates.
Price Change %: min 2%, max 10% (for the day)
- Purpose: Target stocks that are moving enough to be tradable, but not so extreme that they’re completely overextended or chaotic.
- Rationale:
- Under ~2% daily move often isn’t volatile enough to offer good risk/reward for intraday trades.
- Over ~10% can indicate excessive volatility, gap-and-crash behavior, or news-driven spikes that are harder to manage risk around.
- 2–10% intraday move gives a reasonable band of volatility that suits many day-trading strategies.
Region: United States
- Purpose: Restrict results to U.S.-listed companies, matching your request for US stock market opportunities.
- Rationale:
- Ensures you’re seeing stocks that trade during U.S. market hours and are subject to U.S. regulations and reporting standards.
- Avoids foreign exchanges with different hours, liquidity profiles, and trading rules.
List Exchange: XNYS, XNAS, XASE (NYSE, NASDAQ, AMEX)
- Purpose: Focus on major U.S. exchanges.
- Rationale:
- NYSE, NASDAQ, and AMEX are where most liquid, reputable, and institutionally followed U.S. stocks trade.
- This filter excludes OTC and pink-sheet stocks, which are usually much riskier, less liquid, and often unsuitable for serious day trading.
Why Results Match Your Request
- The filters collectively find U.S. stocks that:
- Are liquid and actively traded (dollar volume + major exchanges + relative volume).
- Have enough volatility for day trading (2–10% daily move).
- Are in a short-term uptrend, helpful if you’re looking for long setups (price above 5- and 20-day MAs).
- Avoid the riskiest penny stocks and impractically expensive names ($5–$80 price band).
So, the screener is tailored to surface tradable, liquid, and actively moving U.S. stocks that are technically aligned with typical day-trading criteria.
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.