Screening Filters
moving_average_relationship: ['PriceBelowMA20', 'PriceBelowMA200']
- Purpose: Find stocks trading below both their short‑term and long‑term trend lines.
- Rationale:
- Price below the 20-day moving average (MA20) indicates recent weakness and a short‑term down move.
- Price below the 200-day moving average (MA200) signals a longer‑term bearish trend.
- Using both together focuses on names that are not just pulling back briefly, but are likely in a more established downward trend across multiple time frames.
rsi_category: ['moderate', 'oversold']
- Purpose: Ensure the stocks show weak or depressed momentum, consistent with a downtrend.
- Rationale:
- Moderate RSI (typically mid‑30s to mid‑50s) can reflect ongoing weakness without being extremely stretched.
- Oversold RSI (generally below ~30) often occurs in strong, persistent downtrends.
- Including both avoids only catching extreme washouts while still biasing heavily toward stocks where sellers have been in control.
month_price_change_pct: {'max': '-10'}
- Purpose: Require that the stock has dropped significantly over the past month.
- Rationale:
- A maximum of -10% means the screen only returns stocks that are down at least 10% (or more) over the last month.
- This confirms that price has actually moved lower recently, not just dipped slightly around flat levels, aligning directly with “currently in a downward trend.”
list_exchange: ['XNYS', 'XNAS', 'XASE']
- Purpose: Limit results to well-regulated, major U.S. exchanges (NYSE, Nasdaq, NYSE American).
- Rationale:
- Ensures more liquid, established names, where price trends and indicators (RSI, moving averages) are more reliable and less driven by illiquidity or erratic trading.
is_optionable: 'True'
- Purpose: Only include stocks that have listed options.
- Rationale:
- From your previous messages, you trade options (buying calls/puts), so this filter makes sure every result is something you can actually trade with your preferred instruments.
- It doesn’t define the downtrend itself, but it makes the results practically tradable for your style.
Why Results Match Your Question (“any stocks currently in a downward trend?”)
- The combination of price below both the 20-day and 200-day moving averages targets stocks in confirmed short‑ and long‑term downtrends, not just minor pullbacks.
- The RSI filters (moderate/oversold) ensure momentum is weak or negative, which is characteristic of continuing downward pressure.
- The monthly price change cap at -10% directly enforces that the stock has already moved materially lower recently, matching “currently in a downward trend” rather than just slightly off highs.
- Restricting to major U.S. exchanges and optionable stocks tailors the results to names you can realistically trade, using the straight call/put buying approach you described.
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.