Penny stocks with bullish patterns

Screening Filters

1. Price: 0.10 ≤ Price ≤ 15

   • Purpose: To capture low-priced stocks that fit the usual definition of “penny stocks.”
   • Rationale:
     • Penny stocks are commonly defined as stocks trading under $5, and sometimes broadly under $10.
     • Setting the upper bound at 15 keeps the universe focused on lower-priced, speculative names while allowing some flexibility (e.g., thinly traded small caps that may have just moved above $5–10).
     • The lower bound of 0.10 filters out ultra‑illiquid “sub-penny” names that are often purely speculative and harder to trade or analyze.

2. Moving Average Relationship: PriceAboveMA20

   • Purpose: To identify stocks exhibiting a short-term bullish technical condition.
   • Rationale:
     • A classic sign of a bullish pattern is when the current price is trading above a key moving average.
     • The 20-day moving average (roughly one trading month) is a common short-term trend indicator.
     • Price above the 20-day MA suggests:
       • The recent trend is up or turning up.
       • Buyers are generally willing to pay more than the recent average price, which is consistent with bullish momentum.

3. 1-Week Price Change %: ≥ 1%

   • Purpose: To ensure the stock has shown recent upward movement rather than being flat or declining.
   • Rationale:
     • A positive weekly price change confirms that the stock has actually moved higher in the very recent past.
     • A minimum of +1% is a modest threshold but still filters out names that have not demonstrated short-term strength.
     • Combining this with PriceAboveMA20 reinforces that the bullishness is not just theoretical—there is real, recent buying pressure.

Why Results Match:

• The price range targets the “penny stock” segment by focusing on low-priced shares.
• The PriceAboveMA20 filter screens for a bullish technical setup where price is above a key short-term trend line.
• The positive 1-week performance ensures these are not just technically above a moving average but also currently moving up, reinforcing the bullish bias.

Together, these filters narrow the list to low-priced stocks that are currently displaying short-term bullish patterns in both trend and price action, aligning well with your request.