Make sure the stock is $5-$25

Screening Filters

1. Price: min = 5, max = 25

   • Purpose: Restrict results to stocks trading between $5 and $25, as you requested.
   • Rationale:
     • This directly implements your instruction: “Make sure the stock is priced between $5 and $25.”
     • Cheaper than large caps (e.g., $150+) so they can move more in percentage terms, which is useful for scalping, but not so low that you’re deep in penny-stock/illiquidity territory.

2. Monthly Average Dollar Volume: min = 5,000,000

   • Purpose: Ensure sufficient liquidity for intraday scalping.
   • Rationale:
     • High dollar volume means many shares and dollars are traded every day.
     • This usually leads to tighter spreads and better fills, which are crucial for scalpers getting in and out quickly.
     • Also helps reduce the risk of slippage when trading short-term moves.

3. Relative Volume (relative_vol): min = 1.5

   • Purpose: Focus on stocks currently trading with significantly higher volume than their usual average.
   • Rationale:
     • Relative volume ≥ 1.5 means today’s volume is at least 50% above normal.
     • Elevated volume often accompanies catalysts and stronger intraday moves, which are attractive for scalping.
     • This ties into your goal of finding names with higher “uptrend possibility” on the given day.

4. Moving Average Relationship: PriceAboveMA20

   • Purpose: Filter for stocks in a short-term uptrend.
   • Rationale:
     • Price above the 20-day moving average is a classic way to define a short-term bullish bias.
     • For a scalper looking for “highest uptrend possibility,” this helps focus on stocks where the recent trend is already upward rather than fighting a downtrend.

5. RSI Category: moderate

   • Purpose: Avoid names that are extremely overbought or oversold.
   • Rationale:
     • “Moderate” RSI typically means the stock isn’t at an exhaustion extreme.
     • For scalping, this can help avoid names that are so overextended that a sharp mean-reversion is likely, which might work against a short-term long bias.
     • It aims to keep you in stocks with ongoing momentum but not at the most crowded extremes.

6. Region: United States

   • Purpose: Limit the universe to U.S.-listed stocks.
   • Rationale:
     • Aligns with typical intraday trading hours and market structure many scalpers focus on.
     • U.S. markets generally offer high liquidity and reliable data feeds, which matter for fast trading.

7. Exchange: XNYS, XNAS, XASE

   • Purpose: Restrict to major U.S. exchanges (NYSE, NASDAQ, NYSE American).
   • Rationale:
     • Excludes OTC and very illiquid venues, which are usually riskier and less suitable for scalping.
     • Major exchanges typically have better liquidity, narrower spreads, and more stable trading infrastructure.

8. One-Day Rise Probability: min = 0

   • Purpose: Technically ensures we only consider stocks where the model’s estimated probability of rising tomorrow is at least non-negative (i.e., a valid value).
   • Rationale:
     • A minimum of 0 doesn’t constrain much by itself; it mainly makes sure we’re working with stocks that have a computed probability.
     • In practice, these probabilities are then used for sorting (as in the earlier query) to surface names with higher estimated chances of an up move.

9. One-Day Predicted Return: min = 0

   • Purpose: Keep stocks where the model’s expected next-day return is non-negative.
   • Rationale:
     • This removes names where the model expects a negative return, aligning with your desire for “uptrend possibility.”
     • It focuses the list on stocks where the predictive signal points to at least some upward bias rather than decline.

Why Results Match Your Request

• The price filter (5–25) directly matches your updated requirement and replaces the prior wider range (10–150) from the earlier screen.
• The liquidity (dollar volume ≥ $5M) and relative volume (≥ 1.5) settings support scalping by focusing on actively traded names with enough volume for quick entries and exits.
• The PriceAboveMA20 and non-negative predicted return criteria tilt the list toward stocks already in an uptrend or expected to have a positive bias for the next day.
• The RSI “moderate” setting helps you avoid extremes that might snap back against your scalp.
• Restricting to U.S. major exchanges further improves liquidity and execution quality, which is important for intraday strategies.

One important clarification: even with these filters, no screen can guarantee that the chosen stocks will have the “highest” uptrend or will definitely go up on Monday. What these filters do is increase the probability of finding liquid, active, short-term bullish setups that are more suitable for scalping within your specified $5–$25 price range.