What stock to night trade tonight

Screening Filters

1. market_cap: min 50,000,000

• Purpose: Exclude very small micro-cap names.
• Rationale: For night trading, you generally want stocks with enough size and stability to reduce the risk of extreme illiquidity and erratic spreads. A minimum market cap helps surface stocks that are more established and easier to trade.

2. monthly_average_dollar_volume: min 100,000

• Purpose: Ensure the stock trades enough dollar value on average.
• Rationale: This is important for night trading because you want stocks with consistent trading interest and better order execution. Higher dollar volume usually means tighter spreads and less slippage.

3. volume: min 100,000

• Purpose: Filter for stocks actively trading right now.
• Rationale: If you’re looking for something to trade tonight, current liquidity matters. A high current volume suggests the stock is seeing real participation and may have enough momentum or activity to support a trade.

4. moving_average_relationship: PriceAboveMA20 / PriceBelowMA20

• Purpose: Capture stocks trading near an important short-term trend level.
• Rationale: Stocks above the 20-day moving average may be showing short-term strength, while stocks below it may be in short-term weakness or pullback mode. Including both allows the screener to find actionable names in either direction, depending on whether the setup is momentum continuation or rebound/reversal.

5. price_change_pct: min -100, max 100

• Purpose: Keep the universe broad on daily price movement.
• Rationale: This prevents the screener from excluding stocks simply because they had a large move today. For night trading, big movers can be attractive because they may continue to trend or create volatility, which is often where trading opportunities arise.

6. news_driver: Positive

• Purpose: Focus on stocks with favorable news catalysts.
• Rationale: Night trading opportunities often come from after-hours or pre-market news reactions. Positive news can create follow-through buying, increased volatility, and stronger setups for a trade idea.

7. is_optionable: True

• Purpose: Limit results to stocks that have options available.
• Rationale: Optionable stocks are typically more liquid and widely followed. Even if you trade shares, optionable names often have better market interest and cleaner price discovery, which can be useful for night trading setups.

8. analyst_action: Upgrade

• Purpose: Target stocks that recently received a favorable analyst rating change.
• Rationale: An upgrade can act as a catalyst and improve sentiment, especially in after-hours or next-day trading. It helps identify stocks that may attract attention tonight and into the next session.

Why Results Match:

• The screen is built for active, liquid stocks, which is important when you want something tradable tonight rather than a thinly traded name.
• It emphasizes catalysts like positive news and analyst upgrades, which are common drivers of after-hours and overnight momentum.
• The moving average filter helps find stocks with a short-term technical setup that could be tradable either as a momentum continuation or a reversal.
• By allowing both higher and lower daily moves, the screen stays flexible and can catch stocks that are already moving sharply or setting up for a move.
• Overall, these filters are designed to surface stocks with a combination of liquidity, catalyst, and tradability, which is what matters most for night trading.