With the cheapest price

Screening Filters

1. Price: min 0.01, max 0.25

   • Purpose: Focus on the cheapest penny stocks.
   • Rationale:
     • “Penny stocks” are usually defined as under $5, but your earlier queries and current wording (“cheapest penny stocks”) point to very low-priced names.
     • Capping the price at $0.25 targets the bottom end of the penny-stock universe.
     • Setting a minimum of $0.01 avoids broken/invalid quotes at $0.00 while still capturing ultra-low-priced securities.

2. Monthly Average Dollar Volume: min 100,000

   • Purpose: Ensure the stocks are actually trading (i.e., have some liquidity).
   • Rationale:
     • Many sub-$0.25 names are extremely illiquid and hard to trade in practice.
     • Requiring at least $100k in average dollar volume per month filters out the “dead” tickers and focuses on those with enough activity that price signals (bearish or otherwise) are more meaningful and orders are more likely to get filled.

3. Moving Average Relationship: PriceBelowMA20

   • Purpose: Capture a technical bearish signal based on trend.
   • Rationale:
     • When price is below the 20-day moving average, it indicates the stock is trading under its recent trend, a classic bearish technical condition.
     • This directly aligns with your request for penny stocks “with a bearish signal.”

4. RSI Category: moderate, oversold

   • Purpose: Confirm weakness or negative momentum.
   • Rationale:
     • RSI (Relative Strength Index) measures momentum.
     • Moderate or oversold RSIs typically indicate the stock is not strong and may be under selling pressure or recovering from it.
     • Including these categories biases the results toward names that are weak or have been recently weak, reinforcing the bearish signal rather than selecting overbought/strong uptrend stocks.

5. Price Change %: max -3

   • Purpose: Focus on stocks that are currently moving down.
   • Rationale:
     • A maximum of -3% means the stock has declined at least 3% over the selected period (commonly the last day).
     • This ensures we’re not just getting technically bearish (below MA20) but also recently negative price action, strengthening the bearish profile.

6. Region: United States

   • Purpose: Limit results to a single, major market.
   • Rationale:
     • Keeps the universe consistent with your prior questions (which were U.S.-focused).
     • U.S. markets have better data quality, higher regulatory standards, and more reliable liquidity metrics—helpful when dealing with risky penny stocks.

7. List Exchange: XNYS, XNAS, XASE (NYSE, NASDAQ, AMEX)

   • Purpose: Restrict to major U.S. exchanges.
   • Rationale:
     • Excluding OTC/pink-sheet names avoids the most opaque and illiquid penny stocks.
     • Stocks on NYSE, NASDAQ, and AMEX generally have stricter listing requirements and somewhat better transparency, even at very low prices.

Why Results Match Your Request

• “Cheapest penny stocks”:
  • The 0.01–0.25 price range targets the very low end of penny stocks, consistent with your focus on “cheapest.”
• “With a bearish signal”:
  • PriceBelowMA20, moderate/oversold RSI, and negative price change (≤ -3%) together define stocks that are trending below their recent average, showing weak momentum, and currently moving down—classic bearish characteristics.
• Practical tradability:
  • The minimum dollar volume and major exchange filters balance your desire for ultra-cheap names with a basic level of liquidity and market quality, making the bearish signals more actionable.