Screening Filters
Price: $2 – $30
- Purpose: Focus on reasonably priced, tradable stocks suitable for small accounts and active day trades.
- Rationale:
- Below $2 you get into ultra-low-priced/penny territory, which can be very illiquid, easily manipulated, and harder to trade reliably.
- Above $30, each share ties up more of your limited capital, meaning you can buy fewer shares and have less flexibility in sizing and scaling in/out.
- The $2–$30 band is a sweet spot for many day traders: enough volatility and volume, but still affordable with a small account like yours (<$1,000).
Relative Volume ≥ 1.5
- Purpose: Find stocks trading with unusually high activity compared to their normal volume—i.e., “on the radar” today.
- Rationale:
- Relative volume compares current volume to average volume. A value of 1.5 means the stock is trading at least 50% more volume than usual.
- This typically signals a fresh catalyst (news, earnings, upgrade/downgrade, sector move), which is exactly what day traders want: stocks in play, not dead tickers.
- For something like “Stock Radar,” this is a core filter to surface what’s actually moving today, not just in theory.
Beta: HighRisk (High Beta)
- Purpose: Target higher-volatility names that move more than the overall market—essential for intraday opportunities.
- Rationale:
- High beta means the stock tends to move more than the market index (e.g., if the market moves 1%, a high-beta stock might move 2%+).
- Day trading relies on price movement; low-volatility stocks might barely move intraday, making them poor candidates for quick trades.
- “HighRisk” beta aligns with your interest in active day trades: more price swings = more potential trading setups (but also higher risk, so risk management is critical).
Price Change % (Today) ≥ 2%
- Purpose: Ensure you only see stocks already making a meaningful move today.
- Rationale:
- A minimum 2% intraday move filters out flat or sleepy stocks.
- This highlights momentum—names where buyers or sellers are already in control—giving clearer intraday trends, breakouts, or pullbacks to trade.
- This is exactly the type of “signal” a tool like Stock Radar would prioritize for testing strategies right at the open or soon after.
Why Results Match What You’re Trying to Do
- You’re preparing to day trade at the open with a small account and want fewer, higher-quality tickers to focus on.
- These filters collectively:
- Keep you in affordable stocks ($2–$30) where you can buy enough shares to make moves meaningful.
- Ensure unusual activity (relative volume ≥ 1.5), so your list is full of stocks in play today.
- Emphasize volatility (high beta and ≥2% price move), which is necessary for intraday profit potential.
- Reduce noise and overwhelm by narrowing down the entire market to a smaller watchlist of the most active, volatile, and tradeable names—exactly the kind of “radar” a day trader needs at the open.
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.