Give me some Penny Stocks that are Bullish

Screening Filters

1. Price: 0.20 – 5.00 USD

   • Purpose: Focus on penny stocks while excluding ultra-low “micro‑penny” names.
   • Rationale:
     • In most market conventions, penny stocks are defined as stocks trading under $5.
     • The max = $5 cap keeps results within the penny-stock universe.
     • The min = $0.20 floor helps avoid extremely illiquid or distressed tickers (e.g., $0.01–$0.05) that are often subject to manipulation and have very poor tradability.

2. Monthly Average Dollar Volume: ≥ $500,000

   • Purpose: Ensure the penny stocks have sufficient liquidity.
   • Rationale:
     • Many penny stocks trade almost no volume, making it hard to enter/exit positions without big price impact.
     • A minimum $500k in average dollar volume per month filters out the dead or highly illiquid names and focuses on penny stocks that institutional or active traders might realistically trade.
     • This makes any “bullish” technical signal more reliable, as it’s backed by real trading activity, not just a few sporadic trades.

3. Moving Average Relationship: PriceAboveMA20

   • Purpose: Capture stocks in an established short-term uptrend.
   • Rationale:
     • A classic bullish technical condition is price trading above its 20-day moving average (MA20).
     • This indicates that the current price is higher than the recent average, suggesting upward momentum rather than a downtrend or sideways drift.
     • For your request for “bullish” penny stocks, this is a direct way to enforce that the market is already pricing the stock in an upward trajectory over the last ~month.

4. RSI Category: “moderate” or “overbought”

   • Purpose: Focus on names with positive momentum and avoid oversold/bearish setups.
   • Rationale:
     • RSI (Relative Strength Index) measures the speed and magnitude of recent price moves.
     • “Moderate” RSI typically reflects healthy, constructive momentum—neither oversold nor overheated.
     • “Overbought” RSI often appears in strong uptrends where buyers are in control. In momentum strategies, this is commonly seen as a bullish characteristic, not necessarily a sell signal.
     • By allowing moderate or overbought, the filter targets penny stocks that are already showing strength, and excludes those in oversold territory that are more likely in downtrends or early in basing phases.

5. 1-Month Price Change %: ≥ +10%

   • Purpose: Ensure the stocks are already moving up meaningfully, not just flat.
   • Rationale:
     • A minimum +10% move over the last month screens for recent bullish price action, a key trait of momentum-style “bullish” setups.
     • This avoids penny stocks that are merely above their MA20 by a tiny margin but otherwise stagnant, and instead focuses on names with clear upside follow-through.

Why Results Match

• The price filter (≤ $5) places the universe squarely in penny-stock territory, aligning with your request.
• The dollar-volume filter removes illiquid, harder-to-trade names and keeps only those where bullish signals are more meaningful.
• PriceAboveMA20 and positive 1‑month performance (≥ +10%) together enforce a clear short-term uptrend, matching the “bullish” requirement rather than just cheap stocks.
• The RSI moderate/overbought constraint focuses on stocks with ongoing or strong positive momentum, further reinforcing the bullish bias and avoiding oversold/weak setups.

Combined, these filters look for liquid penny stocks already in a confirmed short-term uptrend with strong recent momentum—a practical interpretation of “bullish penny stocks.”