Screening Filters
Price: 0.10 – 1.00
- Purpose: Focus on low-priced stocks under $1 suitable for small-position scalp trades.
- Rationale:
- Upper bound at $1 directly matches your request for “stocks priced under a dollar.”
- Lower bound at $0.10 avoids ultra‑illiquid sub‑penny / micro‑penny names that are hard to get in and out of quickly and often have huge spreads.
Monthly Average Dollar Volume ≥ $2,000,000
- Purpose: Ensure sufficient liquidity for fast entries and exits, as needed for scalping.
- Rationale:
- Dollar volume combines price and share volume, giving a better measure of how much money actually trades hands.
- A threshold of $2M+ per day on average helps filter out thinly traded stocks where your orders might experience slippage or not fill quickly—both critical issues for scalp trading.
Relative Volume ≥ 2
- Purpose: Find stocks that are trading at at least twice their normal volume today.
- Rationale:
- High relative volume usually indicates heightened interest, catalysts, and active intraday trading—ideal conditions for scalpers.
- When relative volume is ≥2, liquidity and volatility intraday tend to be elevated, creating more short-term trading opportunities.
3-Minute Rate of Change (ROC) ≥ 0.5%
- Purpose: Capture stocks with very recent, short-term momentum.
- Rationale:
- Scalpers rely on immediate price movement, not just the fact that a stock moved earlier in the day.
- A positive 3-minute ROC (≥0.5%) focuses on names that are currently moving, not stagnant, giving you better chances to catch ongoing micro-trends or momentum bursts.
Intraday Price Change %: 3% – 25%
- Purpose: Target stocks with meaningful intraday movement but avoid extremes that are already too stretched.
- Rationale:
- Minimum 3%: Ensures there’s enough volatility for a scalper to capture small but meaningful price swings. Stocks barely moving aren’t useful for quick scalps.
- Maximum 25%: Avoids names that may already be overextended or “blown out”, where risk of sharp reversals is very high and spreads can widen significantly.
Why Results Match Your Request
- The price filter directly enforces your requirement: sub-$1 stocks only.
- The dollar volume and relative volume filters make sure these cheap stocks are also liquid and actively traded, which is crucial for quick scalp entries and exits.
- The 3-minute ROC and price-change% filters focus the list on stocks with current intraday movement and momentum, rather than dead or slow names, aligning with your goal of quick scalp trades rather than longer swings.
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.