Screening Filters
Market Capitalization: min 400,000,000 – max 12,000,000,000
- Purpose: Target small-cap to the lower end of mid-cap stocks.
- Rationale:
- Small-caps are often considered roughly $300M–$2B; mid-caps roughly $2B–$10B (ranges vary by source).
- The chosen band of
400M–12B focuses on companies that:
- Are large enough to be more established and less illiquid than micro-caps.
- Still tend to be more volatile than large caps—helpful for day traders looking for intraday price movement.
- This directly implements your request for small or mid-cap stocks.
Price per Share: min 5 – max 70 (USD)
- Purpose: Focus on reasonably priced, tradable stocks for active day trading.
- Rationale:
- Minimum $5 excludes very low-priced / penny stocks, which often have:
- Poor liquidity
- Wild, erratic moves
- Higher manipulation risk
- Maximum $70 keeps the list to stocks where:
- You can trade more shares with limited capital.
- Small percentage moves translate into manageable dollar amounts per share (useful for intraday trading strategies).
Monthly Average Dollar Volume: min 800,000
- Purpose: Ensure sufficient liquidity for entering and exiting trades intraday.
- Rationale:
- Dollar volume = price × share volume, averaged over a month.
- A minimum of $800K per day (on average) helps:
- Reduce slippage (difference between expected and actual execution price).
- Make it easier to get fills without moving the market too much.
- Avoid thinly traded names that can be hard to day trade efficiently.
- For day trading, liquidity is one of the most critical filters; this one directly serves that need.
Price Change Percent: min 1.5 (recent % change)
- Purpose: Select stocks showing recent movement/volatility, which is essential for day trading.
- Rationale:
- A minimum 1.5% price move (over the chosen lookback period, typically 1 day or recent session) filters for:
- Stocks that are actually moving enough intraday to present trading opportunities.
- Names with current interest or catalysts, which often sustain better intraday ranges.
- Very low-volatility stocks are usually poor for day trading, as there’s little price fluctuation to profit from.
Region: United States
- Purpose: Restrict the universe to US-listed companies, matching your request.
- Rationale:
- Ensures all results are from the US market, where:
- Market structure and trading hours are uniform.
- You can use common US day-trading strategies, tools, and data.
- This directly aligns with “US market” in your question.
Listed Exchange: XNYS, XNAS, XASE (NYSE, NASDAQ, NYSE American)
- Purpose: Limit results to major US exchanges.
- Rationale:
- XNYS (NYSE), XNAS (NASDAQ), and XASE (NYSE American) are the primary US equity exchanges.
- Stocks on these exchanges typically have:
- Better reporting and regulatory standards.
- More reliable liquidity and tighter spreads.
- This avoids OTC and pink-sheet stocks, which are usually unsuitable for most new day traders.
Why Results Match Your Request
- The market cap range (400M–12B) is tailored to capture predominantly small and mid-cap stocks, as you specified.
- The price range (5–70) and minimum dollar volume ensure the stocks are practically tradable intraday—you can enter/exit without extreme slippage and with reasonable capital.
- The minimum 1.5% price change focuses the list on names that actually move, which is key for day trading.
- The US region and major US exchange filters ensure you’re only seeing US-listed small/mid caps that are realistically suitable for active, intraday strategies.
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.