Screening Filters
Price: 5–80 USD
- Purpose: Focus on stocks that are liquid and actively traded, but not penny stocks or extremely high-priced names.
- Rationale:
- Below $5 you often see penny stocks with wide spreads, low quality, and higher manipulation risk—risky and impractical for consistent day trading.
- Above ~$80, position sizing becomes harder for smaller accounts and intraday percentage moves often translate into fewer tradable shares.
- The $5–$80 band tends to capture many mid-priced, actively day-traded stocks where spreads, volatility, and liquidity are more favorable.
Relative Volume (relative_vol ≥ 1.8)
- Purpose: Identify stocks trading at much higher volume than their recent average today.
- Rationale:
- Day traders need unusual activity—relative volume shows when today’s trading interest is significantly elevated.
- A threshold of 1.8 means the stock is trading at least ~80% more volume than usual, which typically leads to tighter spreads and bigger intraday moves, both essential for day trading opportunities.
Monthly Average Dollar Volume (≥ 2,000,000 USD)
- Purpose: Ensure there is enough dollar liquidity (price × volume) to enter and exit positions quickly without large slippage.
- Rationale:
- High dollar volume means many dollars are changing hands; this is more important than just share volume for intraday traders.
- A $2M minimum weeds out thinly traded names where getting in or out can move the price against you and make executions unreliable.
Price Change % (Intraday: 3% to 15%)
- Purpose: Target stocks already moving enough to be interesting, but not so extreme that they’re completely unstable or “blown out.”
- Rationale:
- Day traders need volatility; a move of at least 3% indicates there is real intraday action to trade.
- Capping at 15% filters out the most extreme movers, which can be very erratic, news-shocked, or subject to halts—often too risky for many traders and harder to manage with stops and risk control.
Region: US
- Purpose: Limit results to U.S.-listed stocks.
- Rationale:
- U.S. markets generally offer high liquidity, tight spreads, and robust regulation—ideal conditions for intraday trading.
- It also aligns with standard U.S. market hours and infrastructure used by most day trading platforms and tools.
News Driver: Positive or Negative
- Purpose: Focus on stocks moving because of a specific news catalyst (earnings, guidance, M&A, regulatory updates, major analyst calls, etc.).
- Rationale:
- Strong intraday trends and volume spikes are often driven by fresh news.
- Including both positive and negative news captures trades in either direction (long on good news, short/put-based strategies on bad news), expanding the universe of actionable day-trading setups.
Why Results Match Your Day-Trading Goal
- They emphasize high liquidity and dollar volume, which are crucial so you can get in and out quickly with minimal slippage.
- They require elevated relative volume and meaningful price movement, giving you names that are in play today, not just quietly drifting.
- They filter for tradable price levels (not penny stocks, not extremely high-priced stocks), making position sizing and risk management more practical.
- They focus on news-driven moves, which often produce clear intraday trends and volatility—exactly what day traders look for when choosing what to trade today.
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.