Yea US penny stocks

Screening Filters

1. Price: min 0.10, max 5.00

   • Purpose: Restrict results to true penny stocks while excluding ultra‑illiquid sub‑pennies.
   • Rationale:
     • “Penny stock” is commonly defined in the U.S. as under $5/share.
     • Setting the lower bound at $0.10 avoids many extremely illiquid, highly manipulated tickers trading at fractions of a cent, which are harder to trade and less reliable technically.
     • This directly targets the user’s request for “penny stocks.”

2. Relative Volume: min 1.5

   • Purpose: Find stocks trading with significantly higher volume than usual, signaling fresh interest and momentum.
   • Rationale:
     • Relative volume ≥ 1.5 means the current volume is at least 50% higher than the stock’s normal average.
     • Elevated volume often precedes or confirms short‑term moves and can carry over into the next session, aligning with “bullish going into tomorrow’s trading session.”
     • It reduces the chance of picking “dead” penny names that move only a few ticks per day.

3. Absolute Volume: min 300,000 shares

   • Purpose: Ensure basic liquidity so positions can be entered and exited without extreme slippage.
   • Rationale:
     • A minimum of 300k shares traded helps filter out the thinnest names where the bid‑ask spread is wide and one order can move the price a lot.
     • For a short‑term, next‑session focus, liquidity is critical so that any bullish setup is realistically tradable.

4. RSI Category: ['moderate', 'overbought']

   • Purpose: Focus on stocks already showing buying strength rather than oversold weakness.
   • Rationale:
     • “Moderate” RSI typically reflects healthy upward momentum without being extremely stretched.
     • “Overbought” RSI indicates strong recent buying; while it can precede pullbacks, for very short‑term traders it often flags names in active upswings.
     • Together, these categories skew the results toward stocks that are currently under bullish pressure, which is compatible with “bullish into tomorrow,” rather than oversold “dip” setups.

5. Moving Average Relationship: ['PriceAboveMA20', 'PriceAboveMA200']

   • Purpose: Require the price to be in both a short‑term and long‑term uptrend.
   • Rationale:
     • PriceAboveMA20: The stock is trading above its 20‑day moving average, a common gauge of short‑term trend. This suggests recent price action is positive.
     • PriceAboveMA200: The price is also above the 200‑day moving average, a classic definition of a long‑term uptrend.
     • Combining both avoids penny stocks that had a one‑day spike but remain in a broader downtrend. This strengthens the “bullish” bias of the list.

6. MACD: ['positive', 'bullish']

   • Purpose: Capture momentum that is not only upward but also strengthening.
   • Rationale:
     • MACD positive generally means the shorter‑term moving average is above the longer‑term one, consistent with an ongoing uptrend.
     • MACD bullish usually refers to a bullish crossover or rising MACD line, pointing to acceleration in upward momentum.
     • For “going into tomorrow,” MACD helps identify names where buying pressure is building rather than fading.

7. Price Change %: min 0, max 15

   • Purpose: Target stocks that are up on the day, but not in an extreme blow‑off move.
   • Rationale:
     • Min 0%: Ensures the stock closed green or at least flat, consistent with bullish sentiment today.
     • Max 15%: Excludes the most parabolic movers, which are often prone to sharp mean‑reversion the next session.
     • This tries to balance “bullish momentum” with a reduced risk that you’re buying the tail end of an unsustainable spike.

8. Exchange List: ['XNYS', 'XNAS', 'XASE']

   • Purpose: Limit results to U.S. major exchanges (NYSE, NASDAQ, AMEX).
   • Rationale:
     • These are the primary U.S. listing venues, fitting your request for U.S. penny stocks.
     • They typically have better reporting standards, tighter spreads, and more reliable data than OTC markets, which are crowded with risky penny names.
     • This improves the quality and tradability of the screened candidates.

Why Results Match Your Request

• Penny Stocks: The explicit price filter (0.10–5.00) directly targets the U.S. penny‑stock range.
• Bullish Bias:
  • Price above both 20‑ and 200‑day moving averages,
  • Positive/bullish MACD,
  • RSI in moderate or overbought zones,
  • Positive daily price change,
    together all stack the odds toward stocks already in established or strengthening uptrends.
• “Going Into Tomorrow’s Session”:
  • High relative volume and a green day indicate current interest and momentum that often carry over short term.
  • The price‑change cap (≤ 15%) aims to avoid the most exhausted intraday runners that are more likely to reverse the very next session.
• U.S. Listings & Tradability:
  • Limiting to NYSE/NASDAQ/AMEX plus minimum volume and price floor helps ensure you get U.S. names that are reasonably liquid and executable for a next‑day trade plan.

We don’t (and can’t) guarantee they will be bullish tomorrow, but these filters are designed to surface penny stocks with current technical strength and solid trading activity, which is the best available proxy for your goal.