Screening Filters
Price: $10 – $150
- Purpose: Focus on reasonably priced, tradable stocks and avoid very low‑priced “penny stocks” and extremely high-priced names.
- Rationale:
- Swing traders typically want enough volatility to make meaningful percentage moves, but also want stocks that aren’t so illiquid or manipulated as many sub-$10 names.
- Capping at $150 keeps positions accessible for accounts around $1,000—so you can buy multiple shares and even diversify across a few tickers, which is important for swing trading.
Monthly Average Dollar Volume ≥ $1,000,000
- Purpose: Ensure strong liquidity so you can enter and exit swing trades quickly without moving the price too much.
- Rationale:
- Dollar volume (price × volume) measures how much money trades in and out of the stock daily.
- A minimum of $1M screens out thinly traded names with wide bid‑ask spreads, gaps, and slippage—all of which are dangerous for active swing trades.
- More liquid stocks also tend to respect technical levels (support/resistance, moving averages) more cleanly, which is useful for technical swing setups.
Moving Average Relationship: PriceAboveMA20
- Purpose: Focus on stocks in a short-term uptrend, which is what most swing traders prefer to ride.
- Rationale:
- The 20-day moving average (MA20) is a classic swing-trading timeframe—about one trading month.
- Price trading above its 20-day MA signals a bullish short-term trend rather than a downtrend or chop.
- This aligns with “buy strength on pullbacks” type strategies: you’re looking for names already trending up, not trying to catch falling knives.
RSI Category: Moderate
- Purpose: Avoid stocks that are extremely overbought or oversold; target names with momentum but still with room to move.
- Rationale:
- Extremely high RSI (overbought) often precedes pullbacks; extremely low RSI (oversold) often means high risk of continued weakness.
- A “moderate” RSI aims for the middle ground:
- Not so hot that you’re likely buying the top.
- Not so cold that you’re fighting a strong downtrend.
- For swing trading, this is a sweet spot: you want a tradable trend that isn’t already exhausted.
1-Month Price Change: +5% to +40%
- Purpose: Find stocks with clear recent momentum, but filter out those that have already gone parabolic.
- Rationale:
- Minimum +5%: Ensures the stock has actually been moving and showing strength—flat or weak names are less attractive for short-term swings.
- Maximum +40%: Avoids names that have already exploded and may be at risk of sharp reversals or profit-taking.
- This range targets “healthy” momentum where a trend is established but not yet overextended—ideal for swing entries on dips or consolidations.
Exchange: XNYS, XNAS, XASE (NYSE, Nasdaq, NYSE American)
- Purpose: Limit results to major U.S. exchanges with higher reporting standards, better liquidity, and tighter spreads.
- Rationale:
- Stocks on these exchanges tend to have:
- Better transparency and regulation.
- More institutional participation.
- More predictable trading behavior (important for technical swing setups).
- This excludes many OTC and microcap names where liquidity and price integrity can be problematic for active traders.
Why Results Match Your Swing-Trading Goal
- The screener targets liquid, actively traded U.S. stocks, so you can get in and out of swing trades without major slippage.
- Filters like PriceAboveMA20, RSI = moderate, and 1‑month gain between 5–40% collectively focus on stocks in a solid, but not overextended, uptrend—exactly the type of price action swing traders look to exploit.
- The price range aligns with a smaller account size, allowing you to build meaningful positions and even diversify across several setups instead of being locked into a single expensive stock.
Together, these filters narrow the universe to stocks that have:
- Sufficient liquidity,
- Clear short‑term upward momentum,
- Manageable prices,
making them well aligned with practical, technically driven swing-trading strategies.
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.