Screening Filters
Market Cap ≥ 10,000,000 (USD)
- Purpose: Focus on companies of at least micro-cap size, avoiding the most speculative “shells” and ultra-tiny firms.
- Rationale: You’re looking for very low-priced stocks (under $0.20). Many of these are extremely small, risky companies. A minimum market cap helps filter out the most fragile, illiquid, or non-operational entities, giving you names that, while still speculative, are somewhat more established.
Price Between $0.01 and $0.20
- Purpose: Match your request for “stocks under 20 cents.”
- Rationale:
- Max = 0.20 directly captures your “under 20 cents” condition.
- Min = 0.01 excludes sub-penny quotes (e.g., $0.0005), which are often extremely illiquid and highly speculative, and sometimes subject to wide spreads and manipulation.
Volume ≥ 300,000 Shares
- Purpose: Ensure the stocks have active trading and are reasonably liquid.
- Rationale: For very low-priced stocks, you can get a lot of “dead” tickers that barely trade. A minimum daily volume filter of 300k shares aims to:
- Help you find names you can realistically enter and exit.
- Reduce the influence of random prints or single small trades on the price.
Price Change % ≥ 2.01% (for the current trading day)
- Purpose: Capture stocks that are “going up” on the day you run the scan (e.g., Monday).
- Rationale:
- Positive daily price change reflects upward movement.
- Setting a threshold of 2.01% filters out essentially flat or barely moving stocks and focuses on those with a meaningful intraday or daily gain.
- When you run this on a Monday, this condition is applied to Monday’s price action, which is how the screener interprets “going up on Monday.”
Region: United States
- Purpose: Limit results to U.S.-based listings, matching your request for “US stocks.”
- Rationale: Ensures the companies are traded in U.S. markets, with U.S. regulatory and reporting standards, and aligns with your geographic focus.
Exchange: XNYS, XNAS, XASE (NYSE, NASDAQ, NYSE American)
- Purpose: Restrict to major U.S. exchanges.
- Rationale:
- Keeps the scan to better-regulated venues, excluding most OTC/pink sheet stocks, which tend to dominate the sub-$0.20 space and are often extremely high risk.
- This improves data quality and typically gives you names with more reliable reporting and somewhat better liquidity.
Why Results Match Your Request
- The price range filter ($0.01–$0.20) directly addresses “under 20 cents.”
- The price change % ≥ 2.01% filter operationalizes “going up,” by requiring a noticeable positive move on the day (Monday, when you run it).
- The region = United States and major exchange list filters together ensure you’re only seeing U.S. stocks on primary U.S. exchanges.
- The volume and market cap filters improve practicality and quality: they focus on low-priced stocks that are actively traded and not the tiniest, most illiquid entities, making the results more tradable and relevant.
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.