Screening Filters
Price between $5 and $100 ('price': {'min': '5', 'max': '100'})
- Purpose: Focus on reasonably priced, actively traded stocks and avoid extremes (very low-priced “penny stocks” and very high-priced illiquid names).
- Rationale:
- For a 24-hour trade, you need enough price movement to make a trade worthwhile, but not the wild, often unpredictable behavior common in sub‑$5 penny stocks.
- Extremely high-priced stocks (e.g., $500+) can be harder to scale in/out of for smaller accounts and may have wider spreads in percentage terms.
- The $5–$100 band tends to capture many of the most liquid, actively traded names that are suitable for short-term trading.
High Trading Volume ('volume': {'min': '1000000'})
- Purpose: Ensure you’re looking at liquid stocks where you can enter and exit quickly with minimal slippage.
- Rationale:
- A minimum of 1,000,000 shares traded per day typically indicates strong participation from many buyers and sellers.
- For intraday or 24-hour trades, liquidity is critical—tight bid/ask spreads and sufficient depth make it easier to scalp or flip a position without moving the market against you.
Price Above 20-Day Moving Average ('moving_average_relationship': ['PriceAboveMA20'])
- Purpose: Bias the search toward stocks in a short- to medium-term uptrend.
- Rationale:
- A price above the 20-day moving average suggests positive short-term momentum and underlying buying pressure.
- For a max 24-hour hold, you generally want to be trading with the prevailing short-term trend, not fighting it.
- This filter reduces the chance of picking a stock that is in a clear downtrend or persistently weak structure.
Moderate Positive Daily Price Move ('price_change_pct': {'min': '0.5', 'max': '5'})
- Purpose: Target stocks already showing some strength today, but not so extended that they’re likely to be exhausted.
- Rationale:
- A minimum gain of 0.5% suggests the stock is already attracting buyers and has intraday momentum—useful for a 24-hour or shorter trade.
- Capping the move at 5% helps avoid names that have already “run too far” intraday, which can be more prone to sharp reversals or profit-taking shortly after you enter.
- This balance aims for actionable momentum without chasing extreme spikes.
Positive Short-Term Predicted Return ('one_day_predict_return': {'min': '2'})
- Purpose: Use a model-based signal to favor stocks with an expected positive return over the next trading day.
- Rationale:
- A minimum predicted one-day return of 2% aligns directly with your 24-hour holding horizon.
- While no model can guarantee profits, this filter tries to statistically tilt the list toward names where recent data and patterns suggest an edge over the next session.
- It complements the simple momentum/trend filters with a more sophisticated forward-looking component.
Why These Results Match Your 24-Hour Trade Objective
- They focus on liquid, actively traded stocks (volume + price filters) so you can get in and out within hours without huge slippage.
- They emphasize short-term bullish conditions (price above 20‑day MA and modest positive price change), aligning with a quick, directional trade instead of a long-term investment.
- They incorporate a one-day forecast specifically tuned to your maximum 24‑hour holding period, trying to stack probabilities slightly in your favor for that timeframe.
This combination doesn’t guarantee the “best” stock or a profit, but it narrows the universe to names that are structurally and statistically more suitable for very short holding periods.
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.