Screening Filters
Price: 5–40 USD
- Purpose: Find reasonably priced stocks where a small account (sub‑$1,000) can still build a meaningful position and trade efficiently.
- Rationale:
- With your capital size, stocks in this range let you buy multiple shares and scale in/out, which is important for day trading.
- Avoids ultra‑low “penny stocks” under $5 that often have poor liquidity, big spreads, and higher manipulation risk.
- Also avoids expensive names where you could only buy a tiny number of shares, which limits flexibility and position sizing.
Monthly Average Dollar Volume ≥ 2,000,000 USD
- Purpose: Ensure strong liquidity so you can enter and exit quickly without moving the price too much.
- Rationale:
- Dollar volume combines price and volume, focusing on where meaningful money is trading, not just raw share count.
- High dollar volume typically means tighter bid–ask spreads and better fills, both critical for day trading.
Relative Volume (relative_vol) ≥ 2
- Purpose: Identify stocks trading at at least twice their normal volume today.
- Rationale:
- Relative volume is a classic day‑trader filter: when volume is 2x normal, it usually means something is happening (news, upgrades/downgrades, catalyst, etc.).
- Higher‑than‑usual activity often brings better intraday moves and cleaner momentum, giving you more tradeable setups.
Price Change % (today) ≥ 5%
- Purpose: Focus on stocks already making a sizable move today.
- Rationale:
- For a “Which stock should I buy now?” and day‑trading mindset, you generally want names that are in play—moving at least a few percent.
- A 5%+ move signals strong momentum or a clear catalyst, making it more suitable for short‑term trades instead of flat, sleepy stocks.
Region: United States
- Purpose: Limit to U.S. equities.
- Rationale:
- Keeps results in a single regulatory, tax, and trading environment, with familiar trading hours and generally robust market structure.
- Fits the context from TWLO and your prior U.S. stock focus.
Exchange: XNYS, XNAS, XASE (NYSE, NASDAQ, AMEX)
- Purpose: Restrict to major U.S. exchanges.
- Rationale:
- These exchanges have higher listing standards, better transparency, and typically better liquidity and tighter spreads than OTC or pink sheets.
- This reduces the chance of running into illiquid or low‑quality names.
One-Day Rise Probability ≥ 60%
- Purpose: Use a predictive model to favor stocks with a statistically higher chance of finishing the day up.
- Rationale:
- Directly addresses “Which stock should I buy?” from a short‑term perspective by prioritizing names where historical patterns suggest a favorable bias for a positive next‑day move.
- A 60%+ threshold is selective: not a guarantee, but tilts the list toward higher‑probability setups based on past data.
One-Day Predicted Return ≥ 2%
- Purpose: Ensure the expected move is large enough to matter for a day trade.
- Rationale:
- A predicted gain of at least 2% provides room to cover trading costs and still offer an attractive risk/reward for intraday or very short‑term trades.
- This avoids names that might have a slightly positive probability edge but only tiny expected moves.
Why Results Match Your Question
- The filters are tuned for short‑term, active trading, not long‑term investing—consistent with your prior TWLO/day‑trade focus and the “Which stock should I buy now?” framing.
- Price, liquidity (dollar volume), and exchange filters ensure you get tradable U.S. stocks that work with a small account and let you enter/exit quickly.
- Relative volume and ≥5% daily move focus the list on “in‑play” momentum names—those actually moving today, which is what a day trader typically wants.
- The one‑day probability and predicted return filters use data‑driven expectations to narrow the universe to stocks with both a higher chance of going up and a meaningful expected move, making them more relevant candidates for your next buy decision.
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.